Wave Analysis:
The Euro has been trading within the upper and the lower trendline for a while now,during the previous trading days, the price rallied to the upper side from the impulsive wave cycle three in continuation of the corrective wave cycle four.Recently, the price rebounded towards the lower side with a massive bearish move and its currently at the lower trendline at the impulsive wave cycle five.I expect a further momentum to the lower side,if you are looking at the pair right now look for sell position.
Trade Recommendations:
We are sellers.
Origin: FreshForex
