Wave Analysis
Earlier today, euro pulled back upwards but is still below the short term level 1.1389, and also below 1.1528, as long as the price remains below these two levels and also the columns of MACD below 0.00, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is supported by the fact that the Simple Moving Avarage is below above the current candle. If you’re not in any position at the momentum you may still look for a short position now with your target at 1.1218.
Trade Recommendations:
Sell EUR from 1.1389 towards 1.1218.
Origin: FreshForex
