Wait | 05 Marzo 2021
05 Marzo 2021, EUR/USD
Wave Analysis,
During the previous trading day, Euro continues to rally to the lower side and is currently approaching a significant support level of 1.19562. While this price remains intact, we are waiting for a clear rebound from it to pick a possible low-risk buy position. The anticipated bullish price rally will act as an onset to a bullish price rally and should price much higher with our target set at 1.23420. If the price breaks above this level, then further momentum to the upper side is expected. A break and close below 1.19376 will push the price towards 1.18 or even lower.
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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.
