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We're buyers towards 1.23.

We're buyers towards 1.23. | 01 August 2021

01 August 2021, EUR/USD

We're buyers towards 1.23.

Wave Analysis

Just as previously anticipated, Euro bounced off from the lower trendline, headed straight to the upperside, but is yet to make any significant moves to the upperside. As it is right now, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and could see the price break beyond the upper trendline towards 1.23 but should not extend beyond 1.25.

Trade Recommendations:

We're buyers towards 1.23.

Bob Stan
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