Wait for a possible sell position towards 1.16385. | 21 Octubre 2020

21 Octubre 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.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.