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We're long towards 1.23035

We're long towards 1.23035 | 16 August 2021

16 August 2021, EUR/USD

We're long towards 1.23035

Wave Analysis

Since the beginning of the month, we're yet to see any clear moves to the loweside. As it is right now, we are expecting a possible rally towards 1.2035 and may breakout above this level may continue much higher. If the price rebounds from the level 1.2315, then further momentum to the lowerside is expected towards a1.06069 and may breakout even lower. If you are on this chart right now, expect buyers to push price much higher.

Trade Recommendations:

We're long towards 1.23035

Bob Stan
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