We're on the sidelines. | 28 April 2021

28 April 2021, EUR/USD

Sell a rebound from the upper trendline towards 1.18543.
Wave Analysis
Nothing much happened on this chart during the previous trading day. As it is now,, we are still waiting for a clear rebound from the upper trend line to pick a possible long term sell position towards 1.18543-1.18343. If the price breaks below this zone, then we are looking for further momentum to the lowerside towards 1.16242. And on the otherside, in case the price breaks above 1.21170, then we will be looking for long term buy position expecting a break above 1.23545 towards 1.25.
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Trade Recommendations:
We're on the sidelines.

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