Look for low risk buy positions towards 1.20130. | 25 أغسطس 2020
25 أغسطس 2020, EUR/USD
Wave Analysis
Euro is showing signs of bouncing off of the supportive trendline. Following the failed attempt to sustain the break below the supportive trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (3) to the upperside and should break above 1.19700 towards 1.20130. If you are looking at this chart now, keep looking for long term buy positions, but in case of a break below the supportive trendline, wait and sell a break below 1.17560 towards 1.16270.
Trade Recommendations:
Look for low risk buy positions towards 1.20130.
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.
