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We're buyers. | 07 January 2021

07 January 2021, EUR/USD

Wave Analysis

Euro is currently in an active up trend. While the price remains above the three Alligator lines, we expect nothing but a possible momentum to the upperside, the anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside but should not go beyond 1.24040 and should breakout beyond 1.25 or even higher. If you are on this chart now, keep looking for low risk buy positions expecting price to break above 1.25 towards 1.264 or even higher towards 1.28.

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We're buyers.

Bob Stan
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