We're sellers towards 1.11881. | 20 December 2021
20 December 2021, EUR/USD
Wave Analysis
Euro is currently in an active downtrend. As it is right now, we are looking forward to a possible rally much lower towards the lower trendline and may break below 1.11881. If the price breaks below this level, then further momentum much lower is expected with an ideal target set at 1.10 abd may extend much lower. We are likley to see a pullback towards the same lower trendline to pick a possible low risk sell position towards 1.11081.
Trade Recommendations:
We're sellers towards 1.11881.
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.
