01 Oktober 2020, EUR/USD
Wave Analysis
Yesterday, we expected a possible rally towards the upper trendline, however, the price barely touched the upper trendline and is currently edging towards the sellers side. We're still expecting a possible rally to the upperside where we'll be reselling the last impulsive wave (c) to the lowerside with an ultimate target set around 38.2% fib level and could breakout much lower. If the price breaks and closes above the upper trendline then we will be looking for a possible long term buy position towards 1.19930.
Trade Recommendations:
Resell a bounce from the upper trendline