EURUSD – Up
Wave Analysis
Although Euro is in an active downtrend, we continue to see bullish pullbacks, on this chart, if the price continue to pullback to the upperside but does not break beyond the upper red moving average, then we are still in a long down trend, we are basically expecting a possible extension off the last impulsive wave (5) to the lowerside and may see the price break beyond 0.94055 towards 0.93 or even lower.
Trade Recommendations:
We’re sellers towards 0.93.
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