Look for long term buy positions towards the upper trendline. | 09 اكتوبر 2020
09 اكتوبر 2020, EUR/USD
Wave Analysis
Yesterday, Euro bounced off from the supportive trendline, headed straight to the upperside and is still pretty much bullish. We expect further momentum to the upperside towards the upper trendline. If the price breaks and closes above the upper trendline, then further momentum much higher is expected. This view can only be invalidated in case the price breaks below the supportive trendline, if this is the case, the we will be looking for a possible long term sell positions with our target set at 1.16935.
Trade Recommendations
Look for long term buy positions towards 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.
