Sell a bounce from the upper trendline. | 29 أبريل 2020
29 أبريل 2020, EUR/USD
Wave Analysis
Yesterday, nothing much happened on this pair, Euro pulled back to the upperside but is currently bouncing off of the upper trendline, this is a dynamic resistance level and as long as the price does not clearly break and close above this trendline, we expect nothing but a possible momentum to the lowerside, the anticipated sell position if the continuation of an impulsive wave count and could see the price break below 1.07070 towards 1.05580. A break and close above the upper trendline will push the price much higher towards 1.11550.
Trade Recommendations:
Sell a bounce from the upper trendline.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
