Expect a possible rally towards the lower trendline. | 20 May 2021

Weekly Analysis

After a rebound from the upper trendline, euro rallied to the lowerside and is still pretty much bearish. As it is now, we are looking for long term sell positions towards the lower trendline. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected towards 1.2015 towards 1.19805. And in case the price rebounds from the lower trendline, then a momentum to the upperside is expected with an ultimate target set along the upper trendline and may breakout much higher,

Trade Recommendations:

Expect a possible rally towards the lower trendline.

This is the seventh portfolio developed by FreshForex specialists. Each of the previous six portfolios showed positive results, with a total return of 86.2%.

It’s easy to get the portfolio:

1. Make a deposit of $80 or more until May 30.