We're upwards towards the upper trendline. | 12 Marzo 2021
12 Marzo 2021, EUR/USD
Wave Analysis
Last week, Euro bounced off from the zone 1.18543-1.18343, headed to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is now, we are expecting a possible momentum to the upperside towards the upper trendline. If the price bounces off from the upper trendline then this will be a good place to consider a possible long term sell position towards 1.1853. A break and close above the upper trendline will mean we are continuing to the upper side with an ultimate target set at 1.23480.
Trade Recommendations:
We're upwards 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.
