Euro is currently an in active downtrend. As long as the price remains below the upper trendline, we are looking forward to the continuation of the last impulsive wave (E) to the lowerside and should see the price break and close below 1.1719 or even lower. If yu are looking at this chart right now, my recommendations is that keep looking for long term sell positions, however, if the price breaks above the upper trendline, then we will be looking for a low risk buy position.
Trade Recommendations:
We're sellers towards 1.1719
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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