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Remain long towards 1.1200.

Remain long towards 1.1200. | 27 December 2019

27 December 2019, EUR/USD

Wave Analysis

Earlier today, Euro rose tremendously and is still pretty much bullish both on the daily and on the weekly charts. As long as the price is contained above the lower supportive trend line, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of an impulsive wave count but should not go beyond the upper trend line. If the price breaks and closes above this resistance trend line, then we will expect further momentum even higher towards 1.1250.

Trade Recommendations:

Remain long towards 1.1200.

Bob Stan
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