Sell a rebound from the upper trendline towards the lower trendline. | 17 ديسمبر 2020
17 ديسمبر 2020, EUR/USD
Wave Analysis
EURO is currently trading within an expanding wedge formation. On this chart, we are waiting for a bounce from the upper trendline to pick a possible long term sell position towards the lower trendline. And in case the price breaks and close above the upper trendline then further momentum to the upperside is expected. A rebound from the upper trendline will be a good place to consider a possible sell position expecting price to continue to the lowerside with the next ideal target set along the lower trendline.
Trade Recommendations:
Sell a rebound from the upper trendline 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.
