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If you are looking at this chart, expect further momentum to the lowerside as long as the price remains below 1.18 towards 1.16.

If you are looking at this chart, expect further momentum to the lowerside as long as the price remains below 1.18 towards 1.16. | 05 Julio 2021

05 Julio 2021, EUR/USD

If you are looking at this chart, expect further momentum to the lowerside as long as the price remains below 1.18 towards 1.16.
Wave Analysis
After breaking below 1.18634, Euro pulled back to the same place but is still a few pips around it. If the price can break and close above 1.18634, then this will be a good place to consider a possible long term buy position with an ultimate target set around 1.19. On the flipside, should the price breakout below the previous week's lowest low, then further momentum to the lowerside is expected with an ultimate target set around 1.16 and may extend much lower.
Trade Recommendations:
If you are looking at this chart, expect further momentum to the lowerside as long as the price remains below 1.18 towards 1.16.

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