EUR/USD forecast: Euro is currently on a downtrend

news_22_feb_dollar_usdWave Analysis:

The Euro is currently on a downtrend,last week the price rallied to the lower side towards the lower trendline in continuation of the impulsive wave cycle five.Today the price gapped up to the upper trendline,then bounced off and is currently heading downwards.I expect the price to continue to towards 10835.If you are looking at this pair right now, pick sell postion from 1.0881 towards 1.0835.

Trade Reccommendations:

We are sellers towards 1.0835.

We are sellers towards 1.0835.

Origin: FreshForex

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