Wave Analysis
Yesterday, Euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As long as the price remains below the level 1.22330, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and should see the price break below 1.16290 towards 1.14755. And in case the price breaks and closes below 1.14755, then further momentum much lower is expected with the next ideal target set around 1.09130.
Trade Recommendations:
We’re holding onto a possible long term sell position towards 1.14755.
Origin: FreshForex
