Wave Anaysis
A little development from the previous day’s forecast. Euro rallied to the lowerside and is now below the level 1.12230. This is a key level and while the price is below it, we expect nothing but a possible momentum to the lowerside. This is the unfolding of a bearish price rally and should find support around 1.07330. And should price get back and close above 1.12230, then this will be an ideal place to look for low risk buy orders. As it is, we recommend looking for low risk sell order with an ideal target at 1.07330.
Trade Recommendations:
As long as the price remains below 1.12230, we’re short towards 1.07330.
Origin: FreshForex
