Wave Analysis
Earlier this week, Euro successfully broke above the upper trendline and is still pretty much above the same trendline. As it is now, keep looking for long term buy position expecting the price to breakout above 1.22365 and may extend much higher towards 1.23641. As it is now, sell positions looks a bit risky and may not be recommended, however, should the price break below the same trendline, then we will be expecting further momentum to the lowerside and should break below 1.18543 towards 1.16243
Trade Recommendations:
As long as the price remains above the upper trendline keep looking for long term buy positions towards 1.22365.
Origin: FreshForex
