Watch for a possible sell positions from the zone 1.19334-1.18875 towards 1.16310. | 25 نوفمبر 2020
25 نوفمبر 2020, EUR/USD
Wave Analysis
Euro is currently in an active up trend. However, the price is below a significant resistance zone 1.18875-1.19334. As long as the price remains below the zone 1.19334-1.18875, we expect nothing but a possible momentum to the lowerside. A clear breakout above this zone will attract buyers which could expect price to move to the upperside with an ultimate target at 1.20180. A breakout above this zone will move the price to the upperside with an ultimate target set around 1.21.
Trade Recommendations:
Watch for a possible sell positions from the zone 1.19334-1.18875 towards 1.16310.
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.
