Wait for a possible sell position towards 1.16385. | 21 اكتوبر 2020
21 اكتوبر 2020, EUR/USD
Wave Analysis
Yesterday, Euro rallied steeply to the upperside and is still pretty much bullish both on the daily and on the weekly charts. Currently, the price is approaching a significant resistance trendline. On this chart, should the price bounce off from this trendline, then we will be looking for a possible long term sell positions. If the price breaks and closes beyond it, then further momentum to the upperside is expected with an ultimate target set around 1.19835. A breakout above this level will push the price much higher.
Trade Recommendations:
Wait for a possible sell position towards 1.16385.
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.
