Just as previously anticipateed, euro continued to the lowerside and is still pretty much bearish. As long as then price remains below the Alligator indicator, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should see a break 1.1704. if the price breaks below this level, then further momentum much lower is expected. As it is now, we keep looking for long term sell positions.
Trade Recommendations:
we're sellers towards 1.1704
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