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Wait for a possible sell from 1.21587

Wait for a possible sell from 1.21587 | 19 January 2021

19 January 2021, EUR/USD

Wait for a possible sell from 1.21587

Wave Analysis

Yesterday, nothing much happened on this pair, Euro continues to remain above the daily support line 1.2075. While we continue to see sustenance above this line, keep looking for more momentum to to the upperside with an ideal target at 1.21587. If the price breaks and close beyond 1.21587, then we will be continuing to the upperside. A break and close below 1.20750 will mean we are continuing to the lowerside with the last impulsive wave (c) with our next target set at 1.18910.

Trade Recommendations:

Wait for a possible sell from 1.21587

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