Wave Analysis
Euro continues to rally below the upper trendline, while the price is not able to clearly breakout above the upper trendline, this trendline remains to be a good sell position. The idea is to wait for a rejection from the upper trendline to pick a possible long term sell position expecting the price to break below 1.18543-1.18343 towards 1.16242. On the flipside, should the price breakout above the upper trendline, then further momentum much higher is expected with an ultimate target set at 1.23545.
Trade Recommendations:
Look for low risk sell positions towards 1.18543.
Origin: FreshForex
