Wave Analysis
Just as previously expected, Euro continued to the lowerside but is still above 1.17063. As it is now, we are expecting a possible rally towards this support but should not breakout any lower. If the price breaks and closes below this support level, then we will be looking at a possible scenario when the price could continue downwards towards 1.16200. On the flipside, a rebound from 1.17063 will push the price to the upperside with our first target being 1.18570 and the next target fixed at 1.19660.
Trade Recommendations:
Remain short with your target at 1.17063.
Origin: FreshForex
