Wait | 31 Diciembre 2019

31 Diciembre 2019, EUR/USD

Wait for buy positions

Technical Observation

Just as previously stated, Eurusd made significant moves to the upper side and could head much higher while the price is held below the daily high 1.1198, we choose to remain on the sidelines, we are basically, waiting for a clear sign that we will be continuing to the upper side but with an ultimate target around the daily higher 1.11998, If the price breaks and closes above the level 1.1198, then this will be an ideal place to consider a possible long term buy position towards the nest key levels, but on the other side, should the price break below the 50.0% fib level, then a momentum to the lower side is expected.
Trade Recommendations:
Wait
Imelda Maseno
Analyst of «FreshForex» company
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