EUR/USD forecast: price is currently on the upper trendline

forex_news_11Wave Analysis:

This pair is in a corrective wave cycle four,the price is currently on the upper trendline, we are waiting for a rebound from the upper trendline towards the lower side,we expect the current candle to close below 1.1469,in order to pick sell positions towards 1.0910,on the flipside should the price break and close above the upper trendline then we would be looking for buy positions towards 1.1900.But as of now we are on hold waiting for a clear price direction.

Trade Reccommendations:

Wait.

Origin: FreshForex

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