We're sellers towards 1.21 | 20 August 2021
20 August 2021, EUR/USD
Wave Analysis:
After the break below the significant level seen last week, we're yet to see any clear intense moves to the lowerside, as it is right now, we are looking for a possible long term sell position. The anticipated bearish price rally is the continuation of an impulsive wave count and should see price head much lower. If you are not already in a sell position, we recommend you remain on the sidelines and wait for a pullback.
Trade Recommendations:
We're sellers towards 1.21
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.
