Remain long towards 1.235. | 14 December 2020
14 December 2020, EUR/USD
Wave Analysis
Euro is currently in an active up trend. As long as the price remain s above the Three alligator lines and also above 1.19330, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) and (5) to the upperside and should breakout above 1.22 or even higher towards 1.25 or even higher. This view can only be invalidated in case the price breaks below the blue line, if this is the case, then a momentum towards 1.19330 is expected.
Trade Recommendations:
Remain long towards 1.235.
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.
