We're upwards towards the upper trendline. | 12 March 2021

12 March 2021, EUR/USD

We're upwards towards the upper trendline.

Wave Analysis

Last week, Euro bounced off from the zone 1.18543-1.18343, headed to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are expecting a possible momentum to the upperside towards the upper trendline. If the price bounces off from the upper trendline then this will be a good place to consider a possible long term sell position towards 1.1853. A break and close above the upper trendline will mean we are continuing to the upper side with an ultimate target set at 1.23480.

Trade Recommendations:

We're upwards towards the upper trendline.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus