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Wait for a possible resell from around 1.18543 towards 1.16242.

Wait for a possible resell from around 1.18543 towards 1.16242. | 02 Abril 2021

02 Abril 2021, EUR/USD

Wave Analysis

After establishing a base around 1.17000, Euro is currently pulling back to the upper side, we are expecting further correction to the upper side and could see price breakout above 1.18343, if the price breaks and closes above 1.18543, then we will be expecting further momentum to the upper side and should breakout above 1.19080. On the lower side, while the price is below 1.18343, we are in a sellers territory, our expectations is that the price should continue to the lower towards 1.16242.

Trade Recommendations:

Wait for a possible resell from around 1.18543 towards 1.16242.

Bob Stan
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