Look for low risk buy positions towards 1.22745. | 28 ديسمبر 2020
28 ديسمبر 2020, EUR/USD
Wave Analysis
Last week, Euro bounced off from the lower trendline and could not breakout any lower. As long as the price does not violate the lower trendline, we are expecting a possible surge to the upperside and should not rise beyond 1.22745. If the price breaks above this line, then further momentum to the upperside is expected. And in case the price breaks and closes below the lower trendline, then we expect a possible continuation of the impulsive wave (c) to the lowerside and should breakout below 1.20925 towards 1.20925.
Trade Recommendations:
Look for low risk buy positions towards 1.22745.
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.
