EURUSD – Up
Wave Analysis:
Currently, EURO is within a minor expanding wedge formation, if the price breaks below the lower trendline, then this will be a good place to consider a possible long term sell position. Our expectation is that the price should continue to the lowerside and should break below the lower trendline towards 0.98920 and will likely extend much lower. The anticipated bearish price rally is the continuation of the last impulsive wave (5) and may see the price break much lower towards 0.98410.
Trade Recommendations:
We’re watching for a sell below the lower trendline towards 0.98410.
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