Wave Analysis
During the previous trading day, Euro broke below 1.17063. While we continue to see sustenance below this level, we are expecting further correction towards 1.16200 and could breakout much lower. A break below this level will push the price much lower. On this chart, only sell positions looks ideal and can safely be recommended. But in case the price breaks and closes below 1.16200, then this will be a good place to consider a possible long term sell position with an ultimate target around 1.14750.
Trade Recommendations:
Resell EURUSD from 1.17063 with your target at 1.16200.
Origin: FreshForex
