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We are on the sidelines.

We are on the sidelines. | 18 March 2021

18 March 2021, EUR/USD

wait

Wave Analysis

During the previous trading day, Euro moved slightly to the lowerside but is still above the two zones 1.18543-1.18342. While the price is sustained above this zone, we are waiting for a clear bounce from it to pick a possible long term buy position expecting the price to rally to the upperside with an ultimate target around the upper trendline. A breakout above the upper trendline will push the price to the upperside and should breakout above the upper trendljine towards 1.21215 towards 1.22580 or even higher.
Trade Recommendations:
We are on the sidelines.
Bob Stan
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