Wave Analysis
During the previous trading day. nothing much happened on euro, we saw slight pullback to the upperside but we’re still bearish. As it is now, we are looking for long term sell positions towards the lower trendline. If the price can break and close below the lower trendline, then further momentum to the lowerside is expected. And in case the price rebounds from the lower trendline, then we will be looking for long term buy positions towards the upper trendline, on its way to the upperside, the key levels to look for include 1.21398 and 1.22.
Trade Recommendations:
On the sidelines
Origin: FreshForex
