Just as previously expeccted, euro rallied massively to the lowerside and is still very much bearish on the daily chart. The previous day's candle is bearish engulfing candle, which means the price is likely to surge to the lowerside with the next ideal target set around 1.17148. If this level is violated to the lowerside, then further momentum much lower is expected. A rebound from around 1.1718 may attract a possible buy position. If you took a sell with us during the previous trading day, please hold onto this position expecting the price to extend much lower with the next ideal target set around 1.17148.
Trade Recommendations:
Remain short towards 1.17148.
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