Wait | 24 December 2020
24 December 2020, EUR/USD
Wave Analysis
Just as previously anticipated, Euro pulled back to the upperside but is still below the upper trendline. As long as the price remains below the upper trendline, we are looking for a possible momentum to the lowerside. The idea is to wait for a bounce from the upper trendline to pick a possible low risk sell position. The anticipated bearish price rally is the continuiation of the impulsive wave (c) to the lowerside but should not go beyond the lowerside. A close below this trendline will push the price much lower with the next ideal target at 1.20780.
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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.
