28 May 2021, EUR/USD
Wave Analysis
Yesterday, we saw further pullbacks to the lowerside but we're still around the same supportive trendline. If the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set at 1.20380. This is the continuation of a corrective wave count and should first see price break below 1.21240, and the next target is set at 1.20380. On the flip side, a rebound from the same trendline will push the price to the upperside towards 1.23380.
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