Wave Analysis
During the previous trading days, euro pulled back upwards but then ended up declining just the previous trading day, As long as the price remains below 1.1425, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the impulsive wave (5) to the loweside and should break below 1.1230 before a move further to the lowerside is seen. According to the chart attached, only sell positions looks more ideal, however, should price break above 1.1528, then this will be a good place to look for a buy position.
Trade Recommendations:
Resell Euro from 1.1425 with your take profit at 1.1230.
Origin: FreshForex
