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Wait and sell a rebound from the upper trendline towards 1.18543.

Wait and sell a rebound from the upper trendline towards 1.18543. | 20 April 2021

20 April 2021, EUR/USD

Wave Analysis
Building on what we said during the previous trading day, our stops were taken out when the price went above the 50.0% fib level, we are still expecting a possible sell position along the upper trendline, we want price to clear rebound from this trendline before we can pick a possible long term sell position expecting the price to rally to the lower ide with an ultimate target set at 1.18543 a break below this level will push the price much lower towards 1.16242. As it is now, we are now on the sidelines.
Trade Recommendations:
Wait and sell a rebound from the upper trendline towards 1.18543.

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