Wave Analysis
During the previous trading day on Friday, Euro rallied intensely to the lower side and is still pretty much bearish both on the 30 minutes chart and on the 4 hours chart. As it is now, we are looking for a possible correction to the upperside but should not go beyond 61.8% fib level where we will be looking for a possible sell position towards 1.19820. And should the price rally to the upper side and break above 61.8% fib level then we will be expecting a possible rally towards Friday’s highest higher and could breakout much higher.
Trade Recommendations:
Wait for a sell from around 61.8% fib level towards 1.19820.
Origin: FreshForex
