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Sell Euro towards 1.0955.

Sell Euro towards 1.0955. | 20 December 2019

20 December 2019, EUR/USD

Sell Euro towards 1.0955.

Wave Analysis

During the previous trading day, Euro continued slightly to the anticipated direction and is still very much bearish both on the daily and on the weekly. While the price is still held below the resistance trend line, we expect nothing but a possible momentum to the lower side, the idea is to wait for a retracement to pick a long term sell. But should the price breaks and close above the upper trend line, then this will be a good place to consider a long term buy order towards 1.1405 and could continue even higher.

Trade Recommendations:

Sell Euro towards 1.0955.

Bob Stan
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