Resell a bounce from the upper trendline | 01 اكتوبر 2020
01 اكتوبر 2020, EUR/USD
Wave Analysis
Yesterday, we expected a possible rally towards the upper trendline, however, the price barely touched the upper trendline and is currently edging towards the sellers side. We're still expecting a possible rally to the upperside where we'll be reselling the last impulsive wave (c) to the lowerside with an ultimate target set around 38.2% fib level and could breakout much lower. If the price breaks and closes above the upper trendline then we will be looking for a possible long term buy position towards 1.19930.
Trade Recommendations:
Resell a bounce from the upper 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.
