Sell a rebound from the upper trendline towards 1.18543. | 26 April 2021
26 April 2021, EUR/USD
Wave Analysis
Earlier today, Euro continued with its rally to the upperside and is currently around a significant resistance trendline. While we continue to see sustenance below the upper trendline, we are looking for long term sell positions towards 1.18543-1.18343. A breakout below this target will push the price much lower with the next ideal target set at 1.16242. On the flipside, a breakout above the upper trendline will mean we are continuing to the upperside with our first target at 1.22595 and the next target at 1.23546.
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Trade Recommendations:
Sell a rebound from the upper trendline towards 1.18543..
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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.
