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Look for low risk buy positions towards 1.21855.

Look for low risk buy positions towards 1.21855. | 08 Diciembre 2020

08 Diciembre 2020, EUR/USD

Look for low risk buy positions towards 1.21855.

Wave Analysis

Euro is currently in an active up trendline. As long as the price remains above the blue line of the alligator indicator we are looking for a possible long term but position expecting price break above 1.21855. If the price breaks and closes above 1.21855, then this will be a good place to consider a possible long term buy position with an ultimate target set around 1.2345 a breakout much higher with the next ideal target set at 1.25. On the flip side, a break below the blue line will push the price to the lowerside towards 1.19995.

Trade Recommendations:

Look for low risk buy positions towards 1.21855.

Bob Stan
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