Wave Analysis
The other day. Euro pulled back to the upper side but is still very much bearish both on the daily and on the weekly time frames. As we mentioned few days ago, while the price is contained below the upper resistance trend line,w e expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the previous impulsive five wave cycle and could see price break below 1.0980 towards 1.0920, if this is the case, then a momentum even lower is expected.
Trade Recommendations
Sell Euro towards 1.0920.
Origin: FreshForex
