As long as the price remains below the lower trendline, look for long term sell positions towards 1.20545. | 01 Tháng hai 2021

01 Tháng hai 2021, EUR/USD

As long as the price remains below the lower trendline, look for long term sell positions towards 1.20545.

Wave Analysis

During the previous week, nothing much happened on Euro, the price consolidated within a wider range, right now, if the price can break and close below the lower trendline, then this will be an ideal place to consider a possible long term sell position. The anticipated bearish price rally is the continuation of a corrective wave count and could see price break and close below 1.20440. If you are looking at this chart, wait for a break below the immediate lower trendline then pick a long term sell position with your target at 1.20545.

Trade Recommendations:

As long as the price remains below the lower trendline, look for long term sell positions towards 1.20545.

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Bob Stan
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