Wave Analysis
During the previous trading week, Euro bounced off from the resistance zone 1.23485-1.22135, headed straight to the lowerside and is still pretty much bearish. As previously forecasted, 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 push price below 1.13720 towards 1.05637. If you are looking at this chart right now, keep looking for long term sell positions expecting the price to surge much lower. On the flipside, should the price break above 1.23485, then we will be looking for a possible long term buy positions.
Trade Recommendations:
We’re Sellers towards 1.05637.
Origin: FreshForex
