Wave Analysis
Just as previously expected, Euro continues to rally to the lower side instead of pulling back as we forecasted, while we continue to see sustained move below the previous day’s lowest low, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the an impulsive wave count and could see the price break below 1.17150, in case the price breaks below this target then further momentum much lower is expeccted with the next ideal target set around 1.13710. At this point, only sell positions looks ideal and can be recommended.
Trade Recommendations:
We’re sellers with our first target at 1.17150.
Origin: FreshForex
