Wait | 13 November 2020
13 November 2020, EUR/USD
Wave Analysis
Euro continues to remain within the range 1.19044-1.16184. While the price is contained within this range, we are only trading reversals, Yesterday, we were eyeing a possible rally towards the lower trendline, instead the price rallied to the upperside and may heading back towards 1.19044. Should the current week's candle close above 1.19044, then this will be a ideal place to consider a possible long term sell position with an ultimate target set at 1.30. This is the continuation of the impulsive wave (v) to the upperside and should first break above 1.20.
Trade Recommendations:
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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.
