25 January 2021, EUR/USD
Wave Analysis
During the previous week, Euro successfully broke and closed above the upper trendline. While the price remains above the upper blue line, we expect nothing but a possible momentum, to the upperside. The anticipated bullish price rally is the continuation of the corrective three wave cycle and could see price break and close above 1.22245. If you are looking at this chart now, keep looking for more buy positions expecting price break beyond 1.23500. On the flip side, a break below 1.20985 will attract a sell positions.
Trade Recommendations:
Look for low risk buy positions towards 1.22245.
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