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Stay on the sidelines | 22 April 2021

22 April 2021, EUR/USD

Wave Analysis
Yesterday, Euro rallied to the lower side and is currently around .19837-1.20035. We are waiting for a clear sign of a breakout below 1.19837 to pick a possible long term sell position with an ideal target set at 38.2$% fib level, a breakout below 38.2% fib level will push the price much lower with the next ideal target set at 50.0% fib level. On the flip side, should the price bounce off of the zone 1.19837 then we will be looking for long term buy position expecting the price to continue upwards towards 1.22165.
Trade Recommendations:
Stay on the sidelines

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