Wave Analysis:
For almost a week, euro rose tremendously and is still pretty much bullish both on the daily and the weekly charts. As long as the price remains above 1.13477, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (c) to the upperside and should breakout above 1.14379 towards 1.15 or even higher. This view can only be invalidated in case the price breakout below 1.13477. If this is true, then a move lower is expected.
Trade Recommendations:
Rebuy euro from 1.13477 towards 1.14379.
Origin: FreshForex
