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We're short towards 1.16303.

We're short towards 1.16303. | 13 August 2021

13 August 2021, EUR/USD

We're short towards 1.16303.

Wave Analysis

Since the previous trading day, nothing much has happened on this pair, we are still seeing struggling below the same trendline. As it is right now, we are looking for a possible long term sell positions. The anticipated bearish price rally is the continuation of the last impulsive wave (E) to thhe lowerside and should see price break and close below 1.16303, if this is the case, then further momentum much lower is expected towards 1.15.

Trade Recommendations:

We're short towards 1.16303.

Bob Stan
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