Buy a break above the previous day's highest high. | 03 ديسمبر 2019
03 ديسمبر 2019, EUR/USD
Wave Analysis
During the previous day, Euro spiked massively to the upperside and is still pretty much bullish both on the daily and on the weekly charts. Following the break above last week's highest high, we expect further momentum to the upperside and should breakout above 1.1100 towards 1.1214 or even higher. This view can only be invalidated in case the price breaks and closes below the previous day's lowest low, if this is the case, then further momentum to the lowerside is expected with an ideal target at 1.0970.
Trade Recommendations:
Buy a break above the previous day's highest high.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
