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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 03 August 2021

03 August 2021, EUR/USD

We're buyers towards the upper trendline.

Technical Observation:

EURUSD bounced off from the lower trendline and is currently heading to the upperside, while the price is not able to break and close below the lower trendline, I expecting further momentum to the lowerside and should head straight towatrrds 1.14465 and may extend much lower. On the upperside, we are looking for a possible rally much higher with the next ideal target set along the upper trendline and may extend much higher.

Trade Recommendations:

We're buyers towards the upper trendline.

Imelda Maseno
Analyst of «FreshForex» company
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