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Wait | 18 November 2020

18 November 2020, EUR/USD

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Wave Analysis

Yesterday, Euro failed to to breakout above 1.19334-1.18875. As long as the price remains below this zone, we are on the sidelines, we are basically waiting for a clear rebound from this zone to pick a possible long term sell position with an ultimate target set around 1.16490. In case the price breaks and closes above this zone especially above 1.19334, then this will be a good place to consider a possible long term buy position with an ultimate target set around 1.2012 and could breakout much higher.

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Bob Stan
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