EUR/USD forecast: Euro rallied massively to the lowerside

eurWave Analysis

Just as previous expected, Euro rallied massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. While the price remains below 1.18890, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and should break below 1.17 towards 1.16 or even lower. On the flipside, should the price break above 1.18890, then further momentum to the upperside is expected towards 1.19.

Trade Recommendations:

We’re sellers towards 1.17

We're sellers towards 1.17

Origin: FreshForex

Leave a Reply