Sell Euro towards the supportive trendline. | 27 August 2020

27 August 2020, EUR/USD

Wave Analysis

After an impulsive bullish move, Euro is currently consolidating but in an upward manner. As it is now, we are expecting a possible continuation of the last impulsive wave (c) to the lowerside, towards the lower trendlne. If the price breaks below this trend line, then this will be a good place to consider long term sell positions. And in case the price bounces off from the supportive trendline, then this will be a good place to consider a possible long term buy position with an ultimate target around the upper trendline.

Trade Recommendations:

Sell Euro towards the supportive trendline.

Bob Stan
Agree with the review?
Traders' opinion:
Close
ปูมบันทึกอยู่ใน
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus