Sell Euro towards the supportive trendline. | 27 Agosto 2020
27 Agosto 2020, EUR/USD
Wave Analysis
After an impulsive bullish move, Euro is currently consolidating but in an upward manner. As it is now, we are expecting a possible continuation of the last impulsive wave (c) to the lowerside, towards the lower trendlne. If the price breaks below this trend line, then this will be a good place to consider long term sell positions. And in case the price bounces off from the supportive trendline, then this will be a good place to consider a possible long term buy position with an ultimate target around the upper trendline.
Trade Recommendations:
Sell Euro towards the supportive 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.
