We're sellers towards 1.20795.

11 June 2021, EUR/USD

We're sellers towards 1.20795.

Wave Analysis

Euro is yet to make any significant move to the lowerside after the rebound from the upper trendline. As it is now, we are looking for a possible long term sell position. And as we said during the previous, the anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should breakout below 1.21100 towards 1.20795. If the price should break above the upper trendline, then we will be looking for a possible long term buy position expecting the price to rally much higher towards 1.23.

Trade Recommendations:

We're sellers towards 1.20795.

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Graham Osano
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