07 April 2021, EUR/USD
Wave Analysis
During the previous trading day, Euro pulled back upwards and is currently above the 23.6% fib level. As it is now. we are expecting further momentum to the upper side towards 38.2% fib level and may breakout even higher towards 50.0% fib level. On the flip side, a rebound from 1.19410 may attract a possible sell position or if the price breaks below 1.18343, then this will be a good place to consider a possible long term sell position expecting the price to continue much lower with an ultimate target set at 1.16242.
Trade Recommendations:
Wait for a possible sell from around 38.2% fib level with an ultimate target at 1.16242.
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