13 April 2021, EUR/USD
Wave Analysis
During the previous trading day, Euro continued to the upperside and is currently around the 38.2% fib level and may not breakout above it. If you are looking at this chart now, expect further correction to the uppersde but should not go beyond 50.0% fib level where we'll be looking for a possible long term sell position. On the flipside, should the price break below 1.10543-1.18343, then this will be a good place to consider a possible long term sell position expecting price to break below 1.16242 towards 1.15.
Trade Recommendations:
Wait for a sell from 50.0% fib level.
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