We're sellers looking for long term buy orders | 27 July 2021

27 July 2021, EUR/USD

We're sellers looking for long term buy orders

Technical Observation:

EURUSD is currently above a significant trendline. This is a key line, and while the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the move which started the previous day, we expect the price to continue much higher, and in case of a decline below the same trendline, then we will be looking for a possible long term sell position.
Trade Recommendations:
We're sellers looking for long term buy orders
Imelda Maseno
Analyst of «FreshForex» company
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