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As long as the price remains above the level 1.21500, we are looking for long term buy positions

As long as the price remains above the level 1.21500, we are looking for long term buy positions | 10 May 2021

10 May 2021, EUR/USD

Wave Analysis

Last week on Friday, Euro rallied to the upperside and is now above 1.21500. This is a key resistance level and while the price remains above it, we expect nothing but a possible momentum to the upperside and should break even higher towards 1.23 or even higher. If you are looking at this chart right now, keep looking for long term buy positions. And in case the price again pulls back to the lowerside and close below 1.21367, then this will be a good place to consider a possible long term sell position.

Trade Recommendations:

As long as the price remains above the level 1.21500, we are looking for long term buy positions

Bob Stan
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