Wait for a pullback to pick a buy position. | 04 ديسمبر 2020
04 ديسمبر 2020, EUR/USD
Wave Analysis
Earlier this month, Euro rallied sharply to the upperside and even closed above the level 1.19334. While we continue to see sustenance above 1.19334, we are looking for possible long term buy position towards 1.234 and may breakout much higher towards 1.23545. What may happen on this chart is that the price may pullback to the lowerside but should not go beyond the the level 1.19334, a close below this line may culminate into a possible rally towards the next level set around 1.16206.
Trade Recommendations:
Wait for a pullback to pick a buy position.
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.
