Sell Euro towards 1.18617. | 12 April 2021
12 April 2021, EUR/USD
Technical Analysis
The previous candle rallied to the lowerside and is now below the lower trendline forming support to the wedge above. While the price remains below this trendline, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally should see price continue to the lowerside and should break below 1.18617 towards 1.18315 or even lower. And should the price break above 1.19015, then we will be expecting further momentum to the upperside.
Trade Signal
Sell Euro towards 1.18617.
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.
