We're waiting for a rebound from the black trendline towards 1.4280 | 22 Octubre 2021
22 Octubre 2021, EUR/USD
Wave Analysis
During the previous trading month, we had a massive surge to the lowerside and even ended up below 1.1778. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally will be the continuation of a correction but should not go beyond the immediate black trendline. A rebound from this trendline will give us the best place to consider a possible long term buy position with an ideal target set around 1.1910 and will continue much higher towards 1.4280 and may breakout much higher.
Trade Recommendations:
We're waiting for a rebound from the black trendline towards 1.4280
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.
