Wave Analysis:
Previously Euro had been rallying on the lower trendline below the resistance zone (1.1383-1.1363) the price broke above the zone to the upper trendline and bounced back to the lower trendline.Currently the price is at the resistance zone,we are waiting for a clear direction,should the price break above the resistance zone then we expect bullish momentum towards 1.1495, the resistance zone would be a good place to look for buy positions.
Trade Reccommendation:
Wait for a break above the resistance zone to pick a buy towards 1.1495.
Origin: FreshForex
