Wave Analysis
Euro is currently rallying in an active downtrend. While the price continues to remain below the three moving averages, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should breakout below 1.16240 towards 1.156 or even lower. If you are looking at this chart now, keep looking for sell positions expecting price to breakout beyond 1.1524 or even lower towards 1.145 or much lower.
Trade Recommendations:
Remain short towards 1.145.
Origin: FreshForex
