We're waiting for a rebound from the upper trendline to pick a sell position. | 01 Septiembre 2022
01 Septiembre 2022, EUR/USD
Wave Analysis:
The Euro is currently within an ascending channel formation. As is right now, I expect a possible rebound from the upper trendline to pick a sell position and a rebound from the lower trendline to pick a possible buy position. If the price should break below the immediate lower trendline, then we expect a possible acceleration of the last impulsive wave (5) to the lower side and will see the price break and close below 0.98520 towards 0.88.
Trade Recommendations:
We're waiting for a rebound from the upper trendline to pick a sell position.
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.
