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Buy a breakout above 1.19963 towards 1.20.

Buy a breakout above 1.19963 towards 1.20. | 16 April 2021

16 April 2021, EUR/USD

Buy a breakout above 1.19963 towards 1.20.
Wave Analysis
Recently, Euro established a swing high around 1.19965. As long as the price does not clearly breakout above this level, we expect nothing but a possible momentum to the upperside and should breakout above 1.20 and may extend much higher. On the flipside, should the price pullback to the lowerside, then the best place to wait for a buy from is around 23.6% fib level and the next level is 50.0% fib level. And on the flipside, should the price break below 50.0% fib level, then further momentum to the lowerside towards 1.18860.
Trade Recommendations:
Buy a breakout above 1.19963 towards 1.20.

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