Wave Analysis
Euro is currently in an active up trend. As long as the price remains above the alligator indicator, we expect nothing but a possible momentum to the upperside and should break above 1.22075 towards 1.23380 or even higher. If you are on this chart, keep looking for long term buy positions. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and may extend much higher towards 1.25. On the flip side, should the price break below the blue line, then a momentum to the lowerside is expected towards 1.174070.
Trade Recommendations:
We’re upwards towards 1.24040 and may breakout much higher
Origin: FreshForex
