We're buyers towards the upper trendline. | 01 Junio 2021
01 Junio 2021, EUR/USD
Wave Analysis
On the 4 hours chart attached, we expect the rebound from the lower trendline to be an end to the corrective wave (D), that the current bullish price rally is the continuation of the last impulsive wave (E) to the upper side and should head straight towards the upper trendline and may breakout much higher towards 1.23535. On the flip side, should the price break and close below 1.21708,then this will be a good place we will be looking for a possible long term sell position towards 1.2100.
Trade Recommendations:
We're buyers towards the upper trend line.
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.
