Buy Euro towards 1.12. | 06 Desember 2019
06 Desember 2019, EUR/USD
Wave Analysis
Despite the bearish pin bar seen on Wednesday this week, euro rallied even higher but could not break above the Wednesdays highest high. Accoridng to the 30 minutes chart above, we are looking for long term buy order. The fact that the price rallied and closed above 1.1080, I expect further momentum to the upper side towards 1.12 and could continue even higher. On the flip side, a break and a close below 1.1070 will give us the best place to consider a possible long term sell towards 1.1020.
Trade Recommendations:
Buy Euro towards 1.12.
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.
