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Wait | 13 May 2021

13 May 2021, EUR/USD

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Wave Analysis

Yesterday, euro rallied to the lower side but failed to reach the lower trendine. As long as the price does not clear break and close below the same trendline, we are expecting a possible rally to the upper trendline and may breakout much higher. If the price should break and close below the lower trendline, then we will be looking for a possible long term sell position expecting the price to extend much lower with the next ideal target set around 1.19810 and may break much lower towards 1.17340.
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