Wave Analysis
Just as in the British pound, instead of continuing to the upperside as expected, Euro moved to the lowerside and ended up closing as a possible sellers candle on the daily chart. On this chart, we are looking for long term sell positions towards 1.16090. A breakout below this level will push the price much lower towards 1.14550. And on the flip side, should the price sustain itself above the upper trendline, then we will be looking for long term buy positions with an ultimate target fixed around 1.19660.
Trade Recommendations:
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Origin: FreshForex
