We're waiting for a bounce from the upper trendline to pick a sell, or a break above it, to pick more buy positions towards 1.1540. | 10 January 2022
10 January 2022, EUR/USD
Wave Analysis
During the previous trading week, Euro bounced off from the lower trendline, headed straight to the upper side and is currently approaching the upper trendline. If the price bounces off from this resistance trendline, then we will be looking for a possible sell towards the lower trendline. And on the flipside, if the price breaks above the upper trendline, then we will be holding onto more buy positions towards 1.1540 and may extend even further.
Trade Recommendations:
We're waiting for a bounce from the upper trendline to pick a sell, or a break above it, to pick more buy positions towards 1.1540.
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.
