Buy a breakout above 1.19044 towards 1.3564. | 16 نوفمبر 2020
16 نوفمبر 2020, EUR/USD
Wave Analysis
Euro remains within the range 1.19044-1.16184 despite the previous week's forecast that the price may break below 1.16184. As it is on this chart, we are expecting a possible breakout above 1.19044 to pick a possible long long term buy position expecting a possible rally towards 1.2564 and could extend much higher. If you are looking at this chart now, wait and buy a breakout above 1.19044 with an ultimate target set at 1.356 and could extend higher. At this point sell positions looks risky and may not be recommended.
Trade Recommendations:
Buy a breakout above 1.19044 towards 1.3564.
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.
