Buy a bounce from the supportive trendline. | 03 سبتمبر 2020
03 سبتمبر 2020, EUR/USD
Wave Analysis
On Tuesday this week, EURUSD bounced off nicely from the upper trendline, rallied to the lowerside and is still pretty much bearish both on the daily and on the weekly charts, we are waiting for a possible bounce from the lower trendline to pick a buy position. A break below the supportive trendline will mean we are continuing to the lowerside towards 1.16320. A bounce from the supportive trendline will push price to the upperside towards the upper trendline and may end up breaking above.
Trade Recommendations:
Buy a bounce from the supportive 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.
