Wave Analysis:
Euro is currently in an active down trend. As long as the price remains below the Moving Averages shown above, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should head straight towards 1.14 and could extend much lower. On this chart basically, only sell positions looks ideal and can safely be recommended.
Trade Recommendations:
We’re sellers towards 1.14
Origin: FreshForex
