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Sell a bounce from 1.1420.

Sell a bounce from 1.1420. | 30 Diciembre 2019

30 Diciembre 2019, EUR/USD

Wave Analysis

Last week, perfectly as previously forecasted, the impulsive wave (v) and (c) continued massively to the upper side and is still pretty much bullish but on the daily and on the weekly charts. As it si on the 4 hours chart above, we’re waiting for a clear breakout above the daily resistance level 1.102 to confirm that we are continuing to the upper side towards 1.1420. This view can only be invalidated in case the price fails to break above 1.1420, if this is the case, then a momentum to the lower side is expected towards 1.1008.
Trade Recommendations:
Sell a bounce from 1.1420.
Bob Stan
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