Wait for a rebound from around 1.18534 to pick a possible long term buy position. | 11 Maret 2021
11 Maret 2021, EUR/USD
Wave Analysis
During the previous trading day, nothing much happened on this pair, we still seeing consolidations around level 1.18534. We are waiting for a clear rebound from this support level to pick a possible long-term buy position. Our expectation is that the price should continue to upperside towards the upper trendline. If the price breaks below level 1.18534, then this will be a good place to consider a possible long term sell position expecting the price to continue to the lower side with an ultimate target at 1.16328.
Trade Recommendations:
Wait for a rebound from around 1.18534 to pick a possible long term buy 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.
