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Look for long term buy positions.

Look for long term buy positions. | 07 Diciembre 2020

07 Diciembre 2020, EUR/USD

Look for long term buy positions.

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.

Bob Stan
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