19 February 2021, EUR/USD
Wave Analysis
Yesterday, Euro pulled back to the upper side but is still below the upper trendline. If the price breaks and closes above the upper trend line, then this will be a good place to consider a possible long term buy position with an ultimate target set at 1.23495. An break above this level will push the price much higher towards 1.24 or even higher. On the flipside, should the price break below 1.19626-1.19270, then this will be a good place to consider a possible long term sell position towards 1.15620.
Trade Recommendations:
Wait
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