Wave Analysis
Recently, Euro broke above 1.20034 and is still pretty much above this level. While the price remains above this level, I expect nothing but a possible momentum to the upperside and should break above 1.20920 or even higher towards 1.22165. The current move to the lower side is the continuation of a correction to the lowerside but should not go beyond 23.6% fib level, if this level is broken, then further momentum much lower is expected with an ideal target set around 1.18430.
Trade Recommendations:
You may wait and buy a rebound from 1.19837 towards 1.22165.
Origin: FreshForex
