Wave Analysis
After a break below the wedge formation, Euro continued to the lowerside and is still pretty much bearish. Following the continuation of the corrective wave (iv) to the upperside, we’re are waiting for a rebound from 1.19200 to pick a possible lonmg term sell position. The anticipated sell position is the continuation of the last impulsive wave (v) to nthe continuation of the last impulsive wave (v) to the lowerside and should breakout below 1.1840 towards 1.17 or even lower. As it is now, we are looking for long term sell positions.
Trade Recommendations:
we’re sellers towards 1.17
Origin: FreshForex
