Wait and buy a break above 1.21765. | 11 Febrero 2021

11 Febrero 2021, EUR/USD

Remain long towards 1.23950.

Wave Analysis

Just as in the US Dollar nothing much happened on this pair. The price is still struggling below the zone 1.21765-1.21561. We want to see a clear breakout above 1.21765 to pick a possible long term buy position expecting price to break above 1.23280 towards 1.23950. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside and should break above 1.23950 towards 1.25 or even higher. As it is now, we are on the sidelines, we are waiting for a rise above 1.21765.

Trade Recommendations:

Wait and buy a break above 1.21765.

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Bob Stan
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