Wait for a buy from the inner supportive trendline towards 1.20100. | 02 سبتمبر 2020
02 سبتمبر 2020, EUR/USD
Wave Analysis
Yesterday, Euro bounced off nicely from the upper trendline, headed straight to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is now, we are expecting a possible momentum to the lowerside towards the supportive trendline. If the price breaks and close below the supportive trendline, then we expect a possible momentum to the lowerside. A bounce from the supportive trendline will give us a good buy opportunity with an ultimate target set around 1.20100.
Trade Recommendations:
Wait for a buy from the inner supportive trendline towards 1.20100.
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.
