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Wait | 09 March 2021

09 March 2021, EUR/USD

Wave Analysis

Just as previously expected, Euro rallied to the lower side and even closed below the supportive trendline. On this chart, we're watching for a price around 1.18543-1.18343. If the price does not clearly break and close below the lower line, 1.18343, this will be a good place to start thinking for a possible long term buy position expecting price to rally much higher with the next ideal target set at 1.20370. A breakout and close below the lower line will push the price much lower with the next ideal target set at 1.15970.

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Bob Stan
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