We're sellers towards the lower trendline | 27 Juli 2021
27 Juli 2021, EUR/USD
Wave Analysis
Earlier today, euro attempted to breakout above the upper trendline but ended up closing below. While the price is not able to sustain the break above the upper trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and could see the price break below the lower trendline, as it is right now, only sell positions looks ideal and can be recommended.
Trade Recommendations:
We're sellers towards the lower trendline
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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.
