Wait for a sell towards the lower trendline. | 18 سبتمبر 2020
18 سبتمبر 2020, EUR/USD
Wave Analysis
Yesterday, EURUSD rallied to the upperside and is now able to breakout above the upper trendline. As long as the price remains below the upper trendline, we are waiting for a clear rebound from the upper trendline to pick a low risk sell position with an ultimate target around 1.17190. And should the price breakout above the upper trendline, then further momentum to the upperside is expected with an ultimate target around 1.19960. A breakout above this level, then further momentum upwards is expected.
Trade Recommendations:
Wait for a sell towards the lower 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.
