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wait | 17 March 2021

17 March 2021, EUR/USD

wait

Wave Analysis

Euro continues to remain above the zone 1.18543-1.18343. While the price remains above this zone, we are buyers, the idea is to wait for a pullback to the same zone to pick a possible long term buy poition towards the upper trendline. And in case the price breaks below 1.18343, then this will be a good place to consider a possible long term sell position towards 1.16242. A break below this level will push the price muchj lower with the next ideal target at 1.15755. Any clear break will mean we are continuing much lower but should not go below 1.14.
Trade Recommendations:
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Bob Stan
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