We're long towards the upper trendline. | 04 August 2021
04 August 2021, EUR/USD
Technical Observation:
Yesterday, EURUSD bounced off from the supportive trendline and is currently heading to the upperside. While the price remains above the lower trendline, I expect nothing but a possible rally to the upperside and should continue much higher towards the upper trendline. If the price breaks below the supportive trendline, then we will be expecting a possible rally to the lowerside and should head much lower towards 1.15350.
Trade Recommendations:
We're long 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.
