Wave Analysis
Euro is currently within an expanding wedge formation. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The antiipated bearish price rally is the continuation of the impulsive wave (E) to the lowerside and should break below 1.211689 and may extend much lower with next ideal target set at 1.20540. If the price breaks below this target, then further momentum much lower is expected with the next ideal target set at 1.19670
Trade Recommendations:
Sell a close below 1.20540 towards 1.19915.
Origin: FreshForex
