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We're waiting on the sidelines.

We're waiting on the sidelines. | 02 September 2021

02 September 2021, EUR/USD

We're buying a break above the inner trendline towards the upper trendline.

Wave Analysis:
During the previous trading day, euro rallied to the upperside and is now rallying around a significant daily trendline. As long as the price does not clearly break above the upper trendline, we may see a possible rebound from this trendline to the lowerside. Should the price break above the same trendline, then we expect further momentum to the upperside and should extend much higher. On the flipside, should the price rebound from this trendline, then we're sellers towards the lower trendline.
Trade Recommendations:
We're waiting on the sidelines.
Bob Stan
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