EUR/USD forecast: instead of continuing to the lowerside

news_22_feb_2_euro_usdWave Analysis:

For the past few day’s, instead of continuing to the lowerside, euro has been in a correction mode. As it is right now, we are looking forward to further rally to the upperside but should not go beyond 1.17930. If the price should breakout and close beyond this level, then further momentum to the upperside is expected with the next ideal target set around 1.18470. Should the price break any higher, then we’re now in an uptrend. On the flipside, a breakout below the previous week’s lowest low will be a confirmation that we are sellers with an ideal target set at 1.14113.

Trade Recommendations:

We’re sellers

We're sellers

Origin: FreshForex

Leave a Reply