Look for low risk sell positions towards 1.22211. | 04 Januari 2021
04 Januari 2021, EUR/USD
Wave Analysis
By the end of last month, Euro rallied massively to the lower side and is still pretty much bearish. On this chart, we are waiting for a sign that the corrective wave (iv) is ended so that we sell the last impulsive wave (v) with our next target set at 1.22211 and the next ideal target at 1.2121. if you are on this chart right now, keep looking for more sell positions. However, if the price breaks and closes above the 31st's highest high, 1.23100, then this may be an ideal place to consider a possible buy position.
Trade Recommendations:
Look for low risk sell positions towards 1.22211.
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.
