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Look for long term buy positions towards 1.22207.

Look for long term buy positions towards 1.22207. | 22 January 2021

22 January 2021, EUR/USD

Look for long term buy positions towards 1.22207.

Wave Analysis

Few days ago, Euro broke above the upper trendline and is still pretty much above this trendline, while the price remains above both the upper trendline and also above the level 1.21006, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a corrective wave count and could see price break and close above 1.21730 towards 1.22207. If you are on this chart remain on the bulls side towards 1.22207. A break above this level will push the price much higher.

Trade Recommendations:

Look for long term buy positions towards 1.22207.

Bob Stan
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