Wave Analysis
Few days ago, Euro successfully went above 1.1182 and is still pretty much bullish. As long as the price remains above 1.1182, we expect a steep momentum to the upper side and should break above 1.1270. The anticipated bullish price rally is the continuation of the impulsive waves (v) and (c) and should break above 1.1270 towards 1.1420. This view can only be invalidated in case the price breaks below 1.1182, if this is the case, then a momentum to the lower side is expected towards 1.0985.
Trade Recommendations:
Buy both the impulsive waves (c) and (v) with your take profit at 1.1420.
Origin: FreshForex
