Wave Analysis
During the previous trading day, nothing much happened on Euro, we were expecting a possible clear rebound from the lower trendline, however, the price pulled back to the upperside and is still above the same trendline, as it is now, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of an impulsive wave cycle and could see the price break beyond the upper trendline towards 1.24. On the flipside, should the price break below the lower trendline, then this will be a good place to consider a possible long term sell position expecting the price to rally much lower towards 1.15490.
Trade Recommendations:
Watch for low risk buy positions towards 1.22190
Origin: FreshForex
