We're waiting for a rebound from 1.01430 towards the upper trendline. | 16 أغسطس 2022
16 أغسطس 2022, EUR/USD
Wave Analysis:
Yesterday, EURUSD rallied to the lowerside but could not break below the lower trendline. As it is right now, we are waiting for a clear rebound from it to pick a possible long term buy position towards the upper trendline. On this chart, a buy is recommended towards the upper trendline. And in case the price breaks below this trendline, then we will be waiting for a bearish rally towards 1.00048 and may likely extend much lower.
Trade Recommendations:
We're waiting for a rebound from 1.01430 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.
