Wave Analysis
Earlier today, Euro continued with its rally to the upperside and is currently around a significant resistance trendline. While we continue to see sustenance below the upper trendline, we are looking for long term sell positions towards 1.18543-1.18343. A breakout below this target will push the price much lower with the next ideal target set at 1.16242. On the flipside, a breakout above the upper trendline will mean we are continuing to the upperside with our first target at 1.22595 and the next target at 1.23546.
.
Trade Recommendations:
Sell a rebound from the upper trendline towards 1.18543..
Origin: FreshForex
