We're sellers towards the lower trendline. | 20 7月 2021
20 7月 2021, EUR/USD
Wave Analysis
Instead of continuing to the lowerside, Euro rallied to the lowerside but has now pulled back to the upperside. As it is now, we are still sellers especially while the price remains within the falling channel formation. As it is right now, we recommend looking for sell position expecting the price to rally much lower towards the lower trendline. A rebound from the upper trendline will provide us with the correct opportunity to consider a possible long term sell position. A break above the upper trendline will invalidated the anticipated bearish price rally and could push the price much higher.
Trade Recommendations:
We're sellers towards the lower trendline.
Trading begins with planning the expected profit and developing a strategy that aims to help you achieve the desired result. The most effective technique is to use invest-portfolios that contain different trading instruments.
FreshForex gives traders a ready-to-use portfolio. The instruments are selected in such a way as to reduce overall risks and at the same time ensure a relatively high return.
This is the eighth portfolio developed by FreshForex specialists. Each of the previous seven portfolios showed positive results, with a total return of 87.1%.
en 
id 
ar 
ru 
vn 
es 
pt 
th 
kz 
ua 
tj 
uz 
az 
ms 
