Wait for a sell from around 1.18766. | 28 أغسطس 2020
28 أغسطس 2020, EUR/USD
Wave Analysis
Euro is currently bouncing off of a significant resistance level 1.18766. While the price is not able to successfully close above 1.18766, we are waiting for a clear sign of rejection from this level to pick a low risk sell position towards 1.17714. Should the price breaks and closes above 1.18766, then this will be a good place to consider a possible long term buy position towards 1.19495. A break beyond this level will mean we are continuing to the upper side with an ultimate target around 1.215.
Trade Recommendations:
Wait for a sell from around 1.18766.
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.
