Look for long term buy positions. | 07 ديسمبر 2020
07 ديسمبر 2020, EUR/USD
Wave Analysis
Euro continues to remain above the Alligator indicator, And as long as the price remains above the Blue alligator line, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break beyond 1.21810 towards 1.22 or even higher. On this chart, the levels we are interested in include 1.19420, 1.20440, 1.21810 and 1.220. At this point, if the price goes below the blue line, then a rally to the lowerside is expected.
Trade Recommendations
Look for long term buy positions.
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.
