Conservative traders should wait and buy a breakout above the upper trendline towards 1.2123. | 13 سبتمبر 2021
13 سبتمبر 2021, EUR/USD
Wave Analysis
After bouncing off from the upper trendline, Euro rallied slightly to the lowerside but is yet to hit our target set around 1.16610. If the price breaks below this level, then further momentum to the lowerside is expected. And on the flipside, should the price breakout above the upper trendline, then further ,momentum to the upper side is expected. As it is right now, we are looking for a possible long term buy position expecting the price to rally towards 1.2123.
Trade Recommendations:
Conservative traders should wait and buy a breakout above the upper trendline towards 1.2123.
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.
