Wait for a possible rebound from around 1.18 to pick a sell position with your target at 1.16249. | 12 اكتوبر 2020
12 اكتوبر 2020, EUR/USD
Wave Analysis
During the previous trading day day, Euro rose tremendously and is currently approaching the upper trendline. While the price remains below this trendline, we remain jittery to pick a buy position, But in case the price breaks and closes above this trendline, then we will be looking for a possible long term buy position with an ultimate target around 1.19590. And in case the price breaks and closes above it, then further momentum to the upperside is expected with an ultimate target at 1.20.
Trade Recommendations:
Wait for a possible rebound from around 1.18 to pick a sell position with your target at 1.16249.
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.
