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We're sellers towards 1.20280.

We're sellers towards 1.20280. | 31 May 2021

31 May 2021, EUR/USD

We're sellers towards 1.20280.

Wave Analysis

Euro is currently in an active up trend. The price continues to rally to the upperside after an attempt to break below 1.21736-1.21626. As long as the price remains above this level. We expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of an impulsive wave (v) to the upper side and should breakout above 1.22730 towards 1.23550 or even higher. On the flipside, should the price break below 1.21626, then this will be a good place to consider a possible long term sell position.

Trade Recommendations:

We're sellers towards 1.20280.

Bob Stan
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