We're buying a break above the inner trendline towards the upper trendline. | 30 Agosto 2021
30 Agosto 2021, EUR/USD
Wave Analysis
During the previous week, Euro rallied to the upper side but failed to break above the daily trendline marked above (D1). As it is right now, we are looking forward to a possible break above this trendline and should push the price much higher with the next ideal target set along the upper trendline. In case the price breaks below the the weekly trendline, then this will be a good place to consider a possible long term sell position with the next ideal target set at 1.11415.
Trade Recommendations:
We're buying a break above the inner trendline 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.
