EURUSD – Up
Euro is currently trading around 1.1379. As we mentioned in our previous forecasts, as long as the price remains below the immediate upper trendline, we expect nothing but a steep decline towards 1.05425. The anticipated bearish price rally is the continuation of the impulsive wave (v) to the lowerside and should break below 1.12125 towards 1.040 or even lower. If you’re not in any position at the moment, you should wait for a pullback towards 1.1450 to sell the last impulsive wave (v) to the lowerside with your take profit at 1.04.
Sell euro from 1.1450 with your take profit at 1.040.
Be the first to get $5 for participation in the webinar 8.30 GMT!
BECOME FRESHFOREX ANALYST!
You may check other analytical reviews on FreshForex website. Source: freshforex.com.