Only buy a break above 1.1182. | 02 January 2020
02 January 2020, EUR/USD
Wave Analysis
According to the 4 hours chart attached, the cable is not able to clearly break and close above 1.1182. As long as the price is not able to break and close above 1.1182, we're waiting for a clear sell signal towards 1.0905, a break any lower will push the price even lower. If the price breaks and closes above 1.1182, then this will be the continuation of both the impulsive waves (v) and (c) and should break above 1.1270 towards 1.1420, if the price breaks any higher, then further momentum even higher is expected.
Trade Recommendations:
Only buy a break above 1.1182.
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.
