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We're waiting for a rebound from 1.16744 to pick a possible long term buy position towards 1.18

We're waiting for a rebound from 1.16744 to pick a possible long term buy position towards 1.18 | 10 September 2021

10 September 2021, EUR/USD

We're waiting for a rebound from 1.16744 to pick a possible long term buy position towards 1.18

Wave Analysis

During the previous trading day, nothing much happened on this pair, we expected a possible rally to the lowerside, however, the price failed to continue any lower. As it is right now on chart attached, we expect a possible continuation of the corrective wave (b) to the lowerside but should not go beyond 1.16744. If the price rebounds from 1.16744, then this will be a good place to consider a possible long term buy position with an ideal target set around 1.21262.

Trade Recommendations:

We're waiting for a rebound from 1.16744 to pick a possible long term buy position towards 1.18

Bob Stan
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