Look for low risk buy positions towards 1.23705 | 15 Januari 2021
15 Januari 2021, EUR/USD
Wave Analysis
Yesterday, Euro attempted a breakout below the zone 1.21585-1.21426. As long as the price remains above this zone, we are looking for more momentum to he upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 1.23705. If the price breaks and closes below 1.21426, then we will be expecting a continuation of the impulsive wave (iv) to the lowersive to the lowerside but should not go beyond 1.21084.
Trade Recommendations:
Look for low risk buy positions towards 1.23705
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.
