Wave Analysis
Euro is still in an active down trend. While the price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should break below 1.18 towards 1.17 and may extend much lower. If you are looking at this chart right now, you could wait for a pullback towards 23.6% fib level to pick a possible long term sell position expecting a surge towards 1.17 and may extend much lower towards 1.16.
Trade Recommendations:
Wait and sell a break below 1.18315
Origin: FreshForex
