During the past week, euro continued to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. While the price remains within the declining, and converging wedge formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should breakout below 1.1735 towards 1.645 or even lower.
Trade Recommendations
We're sellers towards 1.1672.
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