Wave Analysis
During the previous trading week, EURUSD bounced off from the level 1.12865, headed straight to the upperside and is still showings signs of continuing much higher. As it is right now, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and should breakout above 1.14841 and may extend much higher. On the flipside, only a clear breakout below 1.12865 will push the price to the lowerside towards 1.11310.
Trade Recommendations:
We’re buyers towards 1.14841
Origin: FreshForex
