On the sidelines | 04 Marzo 2021
04 Marzo 2021, EUR/USD
Wave Analysis
As long as the price remains above the zone 1.20331-1.20267, we waiting for a clear rebound from within the same zone to pick a possible long term buy position. The anticipated bullish price rally is the continuation of an impulsive wave count and could see price break above 38.2% fib level but should not go beyond 50.0% fib level. On the otherside, if the price breaks below 1.20267, then this will be a good place where we will consider a possible long term sell position towards 1.19572.
Trade Recommendations:
Wait
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.
