We're buyers towards 1.2. | 16 Diciembre 2022
16 Diciembre 2022, EUR/USD
Wave Analysis:
During the previous trading day, Euro rallied to the lowerside but is still above 1.06218. As long as the price remains above this level, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) and (c) to the upperside and may see the price rally towards 1.1 and may continue much higher towards 1.5 or even higher. On the flipside, should the price break and close below 1.06218, then further momentum to the lowerside is expected towards 1.03899.
Trade Recommendations:
We're buyers towards 1.2.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
