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Look for long term buy positions towards 1.2012.

Look for long term buy positions towards 1.2012. | 26 November 2020

26 November 2020, EUR/USD

Look for long term buy positions towards 1.2012.

Wave Analysis

During the previous trading day, Euro continued to the upperside and even went above the upper trendline. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (E) and should breakout above 1.19655 towards 1.20314 or even higher. If the price breaks and closes below the Alligator blue line, we recommend looking for long time sell positions towards 1.16400.

Trade Recommendations:

Look for long term buy positions towards 1.2012.

Bob Stan
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