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Remain short towards 1.19330.

Remain short towards 1.19330. | 10 December 2020

10 December 2020, EUR/USD

Remain short towards 1.19330.

Wave Analysis

During the previous trading day, instead of continuing to the upperside, Euro rallied to the lowerside and is now below the Alligator blue line, while we continue to see sustainable below this level, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of a corrective wave count and could see price break below 1.20545 with the next target being 1.19535. On the flip side, only a break and close above 1.21355 will push the price upwards.

Trade Recommendations:

Remain short towards 1.19330.

Bob Stan
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