Perfectly as previously forecasted, after a retracement to the upperside, Euro failed to breakout above the upper trendline. Rather, the price bounced off from the upper trendline and is currently rally to the lowerside, we expect the rebound to have marked and end to the corrective wave (D), that the current bearish price rally is the continuation of the impulsive wave (E) to the lower side and should breakout below 1.0885 towards 1.0775 or even lower. If you are looking at this chart now, the idea is to wait and sell a break below 1.0995.
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