Wave Analysis
In the recent past, euro bounced off from the supportive trendline, and is currently heading to the upper side. As long a the price remains above the alligator lines, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upper side and should breakout beyond 1.22890, On this chart, a breakout above this level will push the price much higher with the next ideal target set at 1.235 and could breakout much higher.
Trade Recommendations:
Look for low risk buy positions.
Origin: FreshForex
