EUR/USD forecast: Euro continued to the lowerside

eu-l14Wave Analysis

Just as prevouly expected, Euro continued to the lowerside and is still pretty much bearish. As we mentioned in our previous session while the price remains below the Alligator indicator, we are sellers. The idea is to wait for a pullback towards the same Alligator levels to pick a possible long term sell position. If the price breaks and closes above the Alligator lines, then this will mean we are continuing to the upperside. At this point, only sell positions looks ideal and can safely be recommended.

Trade Recommendations:

We’re sellers

We're still sellers towards 1.1619.

Origin: FreshForex

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