We're sellers towards 1.16303 | 12 August 2021
12 August 2021, EUR/USD
Wave Analysis
For the past few days, euro rallied to the lower side and even broke below the supportive trendline. While the price is held below this trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (E) to the lowerside and should not break below 1.16303 and may extend much lower. If you are looking at this chart right now, we are sellers. Should the price again break above the same trendline, then we will be looking for a possible buy order.
Trade Recommendations:
We're sellers towards 1.16303
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.
