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Remain long towards 1.22.

Remain long towards 1.22. | 11 December 2020

11 December 2020, EUR/USD

Remain long towards 1.22.

Wave Analysis

Instead of continuing to the lowerside as previously expected, Euro rallied to the upper side and is now above the blue line, while the price remains above this blue line, we are looking for further momentum to the upper side and should see price break and close above 1.21620, if you are on this chart keep looking for more momentum to the upper side expecting price to break beyond 1.21840 and could extend much higher towards 1.22 ore even higher. This view will only be rendered futile in case the price breaks below the blue line.

Trade Recommendations:

Remain long towards 1.22.

Bob Stan
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