We're waiting for a buy along the lower trendline towards the upper trendline. | 18 Agosto 2022
18 Agosto 2022, EUR/USD
Wave Analysis:
Euro continues to rally above the lower trendline and is not showing any signs of breaking below it. As long as the price does not clearly break and close below this trendline, we are looking for a possible long term buy position towards the upper trendline and may likely break above the upper trendline. On the flipside, if the price breaks below the lower trendline, then this will be a good place to consider a possible long term sell position with an ideal target set at 1.00048 and could continue lower.
Trade Recommendations:
We're waiting for a buy along the lower 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.
