Wave Analysis
EURO is currently trading within an expanding wedge formation. On this chart, we are waiting for a bounce from the upper trendline to pick a possible long term sell position towards the lower trendline. And in case the price breaks and close above the upper trendline then further momentum to the upperside is expected. A rebound from the upper trendline will be a good place to consider a possible sell position expecting price to continue to the lowerside with the next ideal target set along the lower trendline.
Trade Recommendations:
Sell a rebound from the upper trendline towards the lower trendline.
Origin: FreshForex
