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Buy a rebound from the lower trendline towards 1.23150.

Buy a rebound from the lower trendline towards 1.23150. | 03 Junio 2021

03 Junio 2021, EUR/USD

Buy a rebound from the lower trendline towards 1.23150.

Wave Analysis

Euro is currently rallying to the lowerside. As long as the price does not clearly break below the supportive trendline, we are expecting a possible rally to the upperside. The anticipated bullish price rally and is the continuation of the last impulsive wave (v) to the upperside and should breakout above 1.23150 and may breakout even higher towards 1.24. On the flipside, should the price break below the supportive trendline, then further momentum to the lowerside is expected towards 1.21190.

Trade Recommendations:

Buy a rebound from the lower trendline towards 1.23150.

Bob Stan
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