Wave Analysis
On the Daily chart attached, Euro is currently within a wedge formation. While the price remains within this wedge formation, I expect nothing but a possible rebound from the lower trendline to pick a buy or arebound from the upper trendline to pick a sell. If the price breaks above the upper trendline, then further momentum much higher is expeccted, while if the price breaks below the lower trendline, then a momentum to the lowerside is expected with the next ideal target set around 1.07225.
Trade Recommendations:
We’re on the sidelines.
Origin: FreshForex
