We're buyers towards the upper trendline. | 09 November 2021
09 November 2021, EUR/USD
Wave Analysis:
During the previous trading day, Euro pulled back slightly to the upperside and is still showing signs of continuing much higher. As it is right now, we expect buyers to continue to push price much higher but should not break above the upper trendline. The idea here is to watch for low risk bu8y positions towards the upper trendline. A break below the previous day's lowest low will mean we are continuing short with the last impulsive wave count.
Trade Recommendations:
We're buyers 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.
