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We're still long towards 1.23035.

We're still long towards 1.23035. | 17 August 2021

17 August 2021, EUR/USD

We're long towards 1.23035

Wave Analysis

So far, Euro continues to rally above the upper trendline, While we continue to see sustenance above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the a corrective wave count and should not go beyond 1.23035. If the price breaks and closes above this level, then further momentum to the upperside is expected with the next ideal target set at 1.32110.

Trade Recommendations:

We're still long towards 1.23035.

Bob Stan
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