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Look for low risk sell positions towards 1.18543.

Look for low risk sell positions towards 1.18543. | 27 April 2021

27 April 2021, EUR/USD

Sell a rebound from the upper trendline towards 1.18543.
Wave Analysis
Euro continues to rally below the upper trendline, while the price is not able to clearly breakout above the upper trendline, this trendline remains to be a good sell position. The idea is to wait for a rejection from the upper trendline to pick a possible long term sell position expecting the price to break below 1.18543-1.18343 towards 1.16242. On the flipside, should the price breakout above the upper trendline, then further momentum much higher is expected with an ultimate target set at 1.23545.
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Trade Recommendations:
Look for low risk sell positions towards 1.18543.

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