Wave Analysis
Last week, Euro attempted break above the level 1.11 but ended up closing below the same level, this a good false breakout scenario and while the price kept below 1.1182, we recommend looking for long term sell orders towards 1.0985. If you took a buy position previous expecting a continuation to the upper side, step out of this trade or if not wait for a possible move back to the same level to pick a possible sell order with your stop loss above the previous day’s highest high and you take profit at 1.0978.
Trade recommendations:
Sell Euro at 1.082 with your stop loss above the previous week’s highest high and take profit at 1.0982.
Origin: FreshForex
