EUR/USD forecast: Euro appears to be gaining momentum to the upperside

euroWave Analysis:

Instead of continuing short as previously anticipated, Euro appears to be gaining momentum to the upperside. We expect the move seen during the previous day, to the upperside to be the continuations of a correction to the upperside and should end very soon. If the price should fall below the previous day’s lowest low, then this may be a good place to consider a possible long term sell position. However, as it is right now, we either remain long or we are on the sidelines.

Trade Recommendations:

We’re temporarily buyers.

Origin: FreshForex

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