We're waiting for buy orders towards 1.09. | 19 Desember 2022
19 Desember 2022, EUR/USD
Wave Analysis:
During the previous week, Euro rallied to the lowerside but could not break below the level 1.05846. This is a significant level and while the price does not break and close below it, we are waiting for a rebound from it to pick a possible long term buy position with our ideal target set around 1.08 and may likely continue to the upperside towards 1.90 or even higher. On the flipside, should the price break and close below 1.0584, then this will be a good place to consider a possible sell position.
Trade Recommendations:
We're waiting for buy orders towards 1.09.
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.
