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Look for long term buy positions towards the upper trendline.

Look for long term buy positions towards the upper trendline. | 16 March 2021

16 March 2021, EUR/USD

Look for long term buy positions towards the upper trendline.

Wave Analysis

During the previous trading day, Euro continued to the lowerside but is still above the zone 1.18543-1.18343. While we copntinue to see sustance above this zone, we remain on the sidelines, we are expect a perfect correction onwards 1.18543 to pick a possible long term buy position towards the upper trendline. A breakout abiove the uopper trendline will mean we are continuing to the upperside with an ultimate target at 1.23140. A breakout above this level will push price much higher with the next ideal target set at 1.24030.

Trade Recommendations:
Look for long term buy positions towards the upper trendline.
Bob Stan
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