EURUSD – Up
Wave Analysis
Euro continues to rally within a rising channel formation. As long as the price remains below 1.06925, we are waiting for a rebound from it to pick a possible long term sell position back towards 1.06927. If the price breaks and close below this level, then further momentum to the lowerside is expected with the next ideal target set around 1.05 and may continue much lower towards 1.04.
Trade Recommendations:
We’re waiting for a buy around 1.05871.
You may check other analytical reviews on FreshForex website. Source: freshforex.com.
