Wave Analysis
Euro continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above 1.24030 but should not go beyond 1.25. A break above this level will mean we are continuing to the upper side with an ultimate target set at 1.26.
Trade Recommendations:
Buy a break above 1.22890.
Origin: FreshForex
