EUR/USD forecast: Euro pulled back slightly to the lowerside

forex-news-euro-usdWave Analysis

Nothing much happened during the previous trading day. Euro pulled back slightly to the lowerside. As it is now, we are sellers, we are basically looking for a possible long term sell position expecting the price to break below 1.17730 and may breakout below 1.14755. On the flipside should the price break above 1.22330, then further momentum to the upperside is expected. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price continue as high as 1.23.

Trade Recommendations:

We’re sellers towards 1.14755

We’re sellers towards 1.14755.

Origin: FreshForex

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