16 Juli 2021, EUR/USD
Wave Analysis
Somehow EURUSD is still reluctant to pick momentum to the lowerside as previously expected. If you are looking at this chart as we are speaking right now, we recommend looking for long term sell positions, expecting the price to break below the immediate trendline towarrds 1.1619, if the price is to rise upwards, then the monthly resistance level shown above will be the best place to consider a possible long term sell positions. A breakout above this level will push the price much higher.
Trade Recommendations:
We're sellers towards 1.1619
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