We're buyers towards the upper trendline. | 03 August 2021
03 August 2021, EUR/USD
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.
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.
