Wave Analysis
Euro continues to rally around the zone 1.18543-1.18343. While the price remains within this range, we are waiting for a rebound from this zone to pick a possible long term buy position expecting price to continue to the upperside with an ultimate target set around 1.21150. On its way to the upperside, the key levels to look for include 1.19860, and 1.20720. A breakout beyond the upper trendline, then further momentum to the upperside is expected with an ultimate target set around 1.22870 and could breakout much higher.
Trade Recommendations:
Wait for a rebuy from 1.18543-1.18343 towards the upper trendline.
Origin: FreshForex
