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We're possibly sellers towards 1.16069.

We're possibly sellers towards 1.16069. | 19 August 2021

19 August 2021, EUR/USD

We're long towards 1.23035

Wave Analysis
During the previous trading day, Euro closed as a bearish pin bar, as long as the price remains below the previous day's highest high, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of a bearish correction and should see the price break below 1.14674 and could extend much lower. On the othersidel, should the price again break above the previous day's highest high, then we are buyers towards 1.21795.
Trade Recommendations:
We're possibly sellers towards 1.16069.

Bob Stan
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