We're buyers | 04 Agustus 2021

04 Agustus 2021, EUR/USD

We're buyers

Wave Analysis:

Few days ago, euro bounced off from the lower trendline, headed straight to the upperside and is still pretty much bullish. According to the daily chart attached, we are expecting further momentum to the upperside but should not go above the upper trendline. A rise beyond the upper trendline will push the price much higher towards 1.25. On the otherside, if the price breaks below the same trendline, then we will be looking for further momentum to the lowerside.
Trade recommendations:
We're buyers
Bob Stan
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