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Remain long towards 1.2345.

Remain long towards 1.2345. | 03 Diciembre 2020

03 Diciembre 2020, EUR/USD

Remain long towards 1.2345.

Wave Analysis

During the previous trading day, Euro continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the three alligator lines, we are expecting further momentum much higher with an ultimate target set around 1.231. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and could see price break beyond 1.22 towards 1.23. If break below the blue line then this will be a good place to consider a possible sell position.

Trade Recommendations:

Remain long towards 1.2345.

Bob Stan
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