Wave Analysis
During the last trading week, euro attempted to break above the previous week’s highest high but could not. Instead, the price rebounded from the previous week’s opening price and headed straight to the lower side. While the price remains below the level 1.22330, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of an impulsive wave count and could see the price break below 1.17730 and may extend much lower towards 1.14755.
Trade Recommendations:
We’re sellers towards 1.14755.
Origin: FreshForex
