Buy a bounce from around 1.17630. | 04 سبتمبر 2020
04 سبتمبر 2020, EUR/USD
Wave Analysis
On this chart, we are looking for a buy position as long as the price is held above the supportive trendline. If the price bounces of from this support, then this will be a food place to look for low risk buy position. An in case of a breakout below the supportive trendline, then further momentum to the lowerside is expected with an ultimate target around 1.1790. A bounce from the supportive trendline will push the price upwards towards 1.20260. A break above this level will push us much higher towards 1.21.
Trade Recommedations:
Buy a bounce from around 1.17630.
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.
