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Sell a rebound from the upper trendline.

Sell a rebound from the upper trendline. | 03 September 2021

03 September 2021, EUR/USD

Sell a rebound from the upper trendline.

Wave Analysis:

During the past few days, Euro has been continuing to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, keep looking for low risk buy positions expecting the price to continue to the upperside with the next ideal target set along the upper trendline. A rebound from the upper trendline will mark an end to the last impulsive wave (D) and the onset to the last impulsive wave (E), if you are on this chart right now, keep looking for low risk sell position upon a rebound from the upper trendline.
Trade Recommendations:
Sell a rebound from the upper trendline.
Bob Stan
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