17 February 2021, EUR/USD
Wave Analysis
Yesterday, we saw a slight momentum to the lowerside but the price is still above the fib level 33.0%, we are waiting for either break below it to pick a low risk buy position, if the price breaks and closes below it, then we will be expecting a possible momentum to the lowerside towards 66.0% fib level. If the price rebounds from this level then we will be continuing long with the last impulsive wave (5) to the upper side and should breakout above 1.23795 with the next target at 1.24620.
Trade Recommendations:
Wait for a buy position from around 1.19599-1.19316 towards 1.23795.
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