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We're watching for a buy from 1.05846 towards 1.12.

We're watching for a buy from 1.05846 towards 1.12. | 20 Diciembre 2022

20 Diciembre 2022, EUR/USD

We're watching for a buy from 1.05846 towards 1.12.

Wave Analysis:

Just as in Euro, this pair is yet to show us a clear move to the upperside. While the price remains above this level, I expect nothing but a possible momentum to the upperside. On this chart, we are expecting a continuation of the last impulsive wave (5) to the upperside and may see the price rally towards 1.1 and may continue much higher. On this chart, we are strictly looking for buy positions towards 1.1 unless the price breaks and closes below 1.05846 and may see the price rally lower towards 1.03899.
Trade Recommendations:
We're watching for a buy from 1.05846 towards 1.12.
Bob Stan
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