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We're sellers towards 1.18245.

We're sellers towards 1.18245. | 28 June 2021

28 June 2021, EUR/USD

We're sellers towards 1.18245.

Wave Analysis
Instead of continuing to the lowerside, euro pulled back to the upperside but is still pretty much bearish on the daily and on the weekly charts. As it is on the chart above, We're looking for a possible long term sell position from around 1.19738. If the price breaks and closes above this level, then further momentum to the upperside is expected. And in case the price rebounds from around 1.19738, then this will be a good place to consider a possible long term sell position with an ideal target set around 1.18245. If the price should continue below this level, then we are expecting further rally to the lowerside with the next ideal target set around 1.17 and may extend much lower.
Trade Recommendations:
We're sellers towards 1.18245.

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Bob Stan
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