Wave Analysis
Euro is still struggling around 38.2% fib level. While we’re not seeing any clear breakout above this fib, we are on the sidelines, a breakout above this fib level will push the price to the upper side and should head straight towards 50.0% fib level and should not breakout any higher. On the flip side, if the price breaks below 1.18313, then this will be a good place to consider a possible long term sell position towards 1.18242 towards 1.15680 and could breakout much lower. As it is now, we are on the sidelines, we are waiting for a possible sell signal.
Trade Recommendations:
Wait
Origin: FreshForex
