Wave Analysis:
The Euro is currently trading in an expanding wedge formation, during the previous trading days,the price bounced off from the upper trendline at the corrective wave count four towards the lower trendline in continuation of the impulsive wave cycle five.As of now the price is within the lower and the upper trendlines,I expect a break below or above,if you are looking at this pair right now, wait for the price to break below the lower trendline or above the upper trendline to pick a buy or a sell postion according to the direction of the price.
Trade Reccommendations:
We are on the sidelines.
Origin: FreshForex
