Wave Analysis
Euro is currently in an active up trend. However, the price is below a significant resistance zone 1.18875-1.19334. As long as the price remains below the zone 1.19334-1.18875, we expect nothing but a possible momentum to the lowerside. A clear breakout above this zone will attract buyers which could expect price to move to the upperside with an ultimate target at 1.20180. A breakout above this zone will move the price to the upperside with an ultimate target set around 1.21.
Trade Recommendations:
Watch for a possible sell positions from the zone 1.19334-1.18875 towards 1.16310.
Origin: FreshForex
