Remain long towards the upper trendline. | 18 ديسمبر 2020
18 ديسمبر 2020, EUR/USD
Wave Analysis
Euro is currently in a contracting wedge formation. While the price remains within the range not going below the upper trendline and above the upper trendline, we are only interested, we are waiting for a buy from the lower trendline and a sell from the upper trendline. A breakout above the upper trendline will push the price to the upperside with the next ideal target at 1.2452, and should the price break and close below the lower trendline, then further momentum to the lowerside is expected towards 1.21010.
Trade Recommendations:
Remain long towards the upper trendline.
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.
