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We're waiting to buy a rebound from the lower trendline

We're waiting to buy a rebound from the lower trendline | 07 September 2021

07 September 2021, EUR/USD

We're waiting to buy a rebound from the lower trendline

Wave Analyis:

During the previous week, Euro rallied to the upperside and is currently within a tight channel formation. As it is right now, we are waiting for a rebound from the lower trendline to buy the last impulsive wave cyle and should see the price break beyond 1.22 or even higher. On the flipside, should the price break below the same tendline, then this will be the ideal place to consider a possible long term sell position.
Trade Recommendations
We're waiting to buy a rebound from the lower trendline
Bob Stan
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