Wave Analysis
Euro continues to consolidate within a range, not going above the upper trendline or below the lower trendline. If the price breaks and closes below the lower trendline, then we will be looking for a possible long term sell position towards 1.11745, and in case the price rebounds from the lower trendline, then further momentum to the upperside is expected with an ultimate target set along the upper trendline. If the price breaks above the upper trendline, then further momentum to the upperside is expected towards 1.14760.
Trade Recommendations:
Wait and buy a rebound from the lower trendline towards the upper trendline.
Origin: FreshForex
