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We're sellers towards 1.13025.

We're sellers towards 1.13025. | 23 August 2021

23 August 2021, EUR/USD

We're sellers towards 1.13025.

Wave Analysis

According to the Intraday indicators attached, we're flat, however, based on price action, the price just broken below a significant supportive trendline. As long as the price remains below this trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the corrective wave (a) to the lowerside and should break below 1.15335 and may extend much lower with the next ideal target set at 1.13025.

Trade Recommendations:

We're sellers towards 1.13025.

Bob Stan
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