Wave Analysis:
Euro is currently in an active downtrend. Despite the Friday’s pull back, we still expect further momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and may see the price break and close below 1.1178 or even lower. As it is right now, keep looking for low risk sell positions unless the price closes above the previous week’s highest high.
Trade Recommendations:
We’re temporarily on the sidelines
Origin: FreshForex
