Wait | 05 نوفمبر 2020
05 نوفمبر 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro went as low as 1.16239 but ended up closing beyond 1.17121. There appears to be a lot of uncertainties on this pair, due to the uncertainties of the US Elections. We're waiting for the Elections results, then we may see a continuation upwards towards the upper trendline, or a break below 1.17121 to pick a low risk sell position towards 1.16239. If the price breaks and closes below 1.16239, then this will be a good place to consider a possible long term sell position towards the lower trendline.
Trade Recommendations:
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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.
