EURUSD – Up
Wave Analysis:
The price has been trading within the upper and the lower trendline for sometime now, previously the price bounced off from the corrective wave cycle two towards the lower side at the impulsive wave cycle three. From the lower trendline, the price rebounded towards the upper side at the corrective wave cycle four where it is currently rallying around. If you are looking at this pair now, pick a sell from 1.0244 towards 0.9770. However, should the price break above the upper trendline, then we expect a further bearish momentum towards 1.0580.
Trade Recommendations:
We are sellers.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
