Wave Analysis
During the previous trading day, euro rallied to the lower side but is currently bouncing off of a significant support level 1.17128. As long as the price does not clearly remain above this level, we expect nothing but a possible momentum to the upperside with the next ideal target set around 1.23035 and may extend much higher. If the price breaks below the same level, then further momentum to the lowerside is expected with the next ideal target set at 1.06069
Trade Recommendations:
We’re waiting to buy a rebound from 1.17128 to pick a low risk buy position.
Origin: FreshForex
