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Look for long term buy position towards 1.23645.

Look for long term buy position towards 1.23645. | 15 Diciembre 2020

15 Diciembre 2020, EUR/USD

Remain long towards 1.235.

Wave Analysis

During the previous trading day, Euro continued massively 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 Alligator indicator, we recommend looking for long term buy positions expecting price to continue much higher with the next ideal target set at 1.234. If you are on this chart now, keep looking for long term buy positions expecting a breakout and close beyond 1.234. On the flip side, a break below the blue line will push the price to the lowerside.
Trade Recommendations:
Look for long term buy position towards 1.23645.
Bob Stan
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