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We're looking for a possible long term buy position from around 1.09240 towards 1.26805

We're looking for a possible long term buy position from around 1.09240 towards 1.26805 | 06 October 2021

06 October 2021, EUR/USD

We're waiting for a rebound from around 1.09240 to pick a low risk buy position towards 1.38515.

Wave Analysis

EURUSD is currently rallying around 1.159319, as long as the price remains above the upper trendline, we're patiently waiting for a touch of this trendline to pick a possible long term buy position with an ideal target set at 1.26805 and should continue much higher. If the price should break below the same trendline, then we want to see sustenance below this trendline, before we settle for a possible long term sell position towards 0.91675.

Trade Recommendations:

We're looking for a possible long term buy position from around 1.09240 towards 1.26805

Bob Stan
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