EUR/USD forecast: Euro is currently rallying around a good support level 1.20331-1.20267

eu-l15Wave Analysis

Euro is currently rallying around a good support level 1.20331-1.20267. As long as the price remains above this level, we are on the sidelines, we are waiting for a rebound from it to pick a low-risk buy position. And in case the price breaks and closes below this zone, then further momentum to the lower side is expected with an ultimate target at 1.1952. If the price breaks and closes below this level, then further momentum to the lowerside is expected with the next ideal target set at 1.19360.

Trade Recommendations:

Wait and sell a break below 1.20267 towards 1.1952

Wait and sell a break below 1.20267 towards 1.1952

Origin: FreshForex

Leave a Reply