Look for low risk sell positions towards 1.18543. | 27 Abril 2021
27 Abril 2021, EUR/USD
Wave Analysis
Euro continues to rally below the upper trendline, while the price is not able to clearly breakout above the upper trendline, this trendline remains to be a good sell position. The idea is to wait for a rejection from the upper trendline to pick a possible long term sell position expecting the price to break below 1.18543-1.18343 towards 1.16242. On the flipside, should the price breakout above the upper trendline, then further momentum much higher is expected with an ultimate target set at 1.23545.
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Trade Recommendations:
Look for low risk sell positions towards 1.18543.
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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.
