Remain short towards 1.16184. | 12 نوفمبر 2020
12 نوفمبر 2020, EUR/USD
Wave Analysis
Euro is currently consolidating within a wider range 1.19044-1.16184. On this chart, we are waiting for either a breakout above 1.19044 to pick a possible long term buy position or a breakout below 1.16184 to pick a possible long term sell position with an ideal target at 1.13544. A breakout below this level will push the price much lower. At this point, we are looking for sell positions towards 1.16184, if the price rebounds from this target then we will be looking for a possible buy positions towards the upper level 1.19044.
Trade Recommendations:
Remain short towards 1.16184.
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.
