Wait | 02 9月 2022

02 9月 2022, EUR/USD

Wait

Wave Analysis

Yesterday, Euro rallied to the lowerside but failed to break below the lower trendline. As long as the price does not clear break and close below the lower trendline, we are waiting for a rebound from this level to pick a possible long term buy position towards the upper trendline. On the flipside, should the price breakout below the lower trendline, then we expect a possible extension of the last impulsive wave (5) towards 0.89.

Trade Recommendations:

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Bob Stan
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