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Remain long towards 1.22.

Remain long towards 1.22. | 02 December 2020

02 December 2020, EUR/USD

Remain long towards 1.22.

Wave Analysis

After breaking above the zone 1.19364-1.19213, Euro pulled back to the same zone before heading to the upperside. As long as the price remains above this zone, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should break above 1.21380 towards 1.22 or even higher. If you are looking at this chart now, keep looking for long term buy positions expecting price to rise towards 1.22.

Trade Recommendations:

Remain long towards 1.22.

Bob Stan
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