We're watching for low risk buy positions towards the upper trendline. | 17 Agosto 2022
17 Agosto 2022, EUR/USD
Wave Analysis:
During the previous trading day, EURUSD bounced off from the lower trendline and is currently heading to the upperside. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and may see the price break above the upper trendline. On the flipside, a break below the lower trendline will attract a possible long term sell position.
Trade Recommendations:
We're watching for low risk buy positions 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.
