We're waiting to rebuy a rebound from the lower trendline to pick a buy position towards the upper trendline. | 03 Agosto 2021
03 Agosto 2021, EUR/USD
Wave Analysis
Yesterday, Euro bounced off from the upper trrendline, headed straight to the lowerside and is currently approaching the lower supportive trendline. If the price rebounds from this trendline, then this will be a good place to consider a possible long term buy position. And in case the price breaks below the lower trendline, then further momentum to the lowerside is expected with an ideal target set around 1.18225, a break any lower will push the price much lower towards 1.177650.
Trade Recommendations:
We're waiting to rebuy a rebound from the lower trendline to pick a buy position towards the upper trendline.
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.
