Look for long term buy positions towards 1.2012. | 26 نوفمبر 2020
26 نوفمبر 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro continued to the upperside and even went above the upper trendline. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (E) and should breakout above 1.19655 towards 1.20314 or even higher. If the price breaks and closes below the Alligator blue line, we recommend looking for long time sell positions towards 1.16400.
Trade Recommendations:
Look for long term buy positions towards 1.2012.
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.
