Wave Analysis
After breaking above the upper trendline, Euro is showing signs of sustaining this breakout. While the price is held above this trendline, we are looking for nothing but a possible momentum to the upperside with an ultimate target fixed around 1.19660. If you are looking at this chart now, keep looking for long term buy positions with an ultimate target fixed around 1.19660. And in case the price slips below 23.6% fib level, then we will be looking for long term sell positions with an ultimate target at 1.14840.
Trade Recommendations:
Keep looking for long term buy positions towards 1.19660.
Origin: FreshForex
