Sell a bounce from 1.19334-1.18875 towards 1.16030. | 19 نوفمبر 2020

19 نوفمبر 2020, EUR/USD

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Wave Analysis

Euro is still being contained below 1.18875-1.19334. While we see sustenance below this zone, we are looking for long term sell positions. the anticipated bearish price rally is the continuation of a correction to the lowerside and could see price break below 1.17400 towards 1.16030 or even lower. And on the flipside, should the price breakout above 1.19334, then this will be a good place to consider a possible long term buy position expecting price to continue even higher towards 1.254.

Trade Recommendations:

Sell a bounce from 1.19334-1.18875 towards 1.16030.


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.
Bob Stan
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