Wait and buy a rebound from the lower trendline towards the upper trendline. | 15 December 2021
15 December 2021, EUR/USD
Wave Analysis
Euro continues to consolidate within a range, not going above the upper trendline or below the lower trendline. If the price breaks and closes below the lower trendline, then we will be looking for a possible long term sell position towards 1.11745, and in case the price rebounds from the lower trendline, then further momentum to the upperside is expected with an ultimate target set along the upper trendline. If the price breaks above the upper trendline, then further momentum to the upperside is expected towards 1.14760.
Trade Recommendations:
Wait and buy a rebound from the lower trendline towards the upper trendline.
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.
