Remain short temporarily towards 1.21360. | 23 December 2020
23 December 2020, EUR/USD
Wave Analysis
During the previous trading day, Euro bounced off from the upper trendline, went straight to the lower side but is yet to reach the lower side, as it is now, we are waiting for a possible breakout below the lower trend line to pick a possible long term sell position towards 1.20780. On this chart, a rebound from the lower trend line will give a good opportunity to pick a buy. However, at this point, we are expecting a possible rally to the lower side and should reach the lower trend line.
Trade Recommendations:
Remain short temporarily towards 1.21360.
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.
