Elliott waves analysis – As long as the price remains above the level 1.15682 we expect a possible momentum to the upperside.

EURUSD – Up

Wave Analysis

During the previous trading day, euro rallied above the daily support level 1.15682 and is still pretty much above this level, as long as the price is contained above this level, we expect nothing but a possible momentum to the upperside with an ultimate target at 1.24260. This view can only be invalidated in case the price breaks below 1.15682, if this is the case, then we’ll expect a possible momentum further to the lowerside with the first target at 1.12065 and the next ideal target being 1.07520.

Trade Recommendations:

As long as the price remains above the level 1.15682 we expect a possible momentum to the upperside.

101% Double the volume

You may check other analytical reviews on FreshForex website. Source: freshforex.com.