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Remain long

Remain long | 21 May 2021

21 May 2021, EUR/USD

Remain long

Weekly Analysis

Yesterday, euro rallied to the upperside and is still pretty much bullish both on the daily and on weekly charts. While the price remains above the Alligator indicator, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above the upper trendline towards 1.23 or even higher. If you are looking at this chart right now, keep looking for low risk buy positions towards 1.23.

Trade Recommendations:

Remain long

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