Wave Analysis:
EURUSD is currently in an active downtrend. As long as the price remains below the upper moving average, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price break below 0.97350 and may likely continue much lower. On this chart, sell positions looks ideal and can safely be recommended.
Trade Recommendations:
We’re watching for low risk sell positions towards 0.97350.
Origin: FreshForex
