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Sell Euro with your first take profit at 1.0980 and the next at 1.0920.

Sell Euro with your first take profit at 1.0980 and the next at 1.0920. | 23 December 2019

23 December 2019, EUR/USD

Sell Euro with your first take profit at 1.0980 and the next at 1.0920.

Wave Analysis

Perfectly inline with what we previously forecasted, the impulsive wave (c) failed to go above the upper trendline. Instead the price bounced off from this the level 1.1160 and is currently heading to the lowerside. While the price is held below this line, we recommend looking for long term sell orders with an ultimate target around 1.0920. This view can only be invalidated in case the price breaks and closes above 1.1160, if this is the case, then a possible momentum towards 1.1400 is expected.

Trade Recommendations:

Sell Euro with your first take profit at 1.0980 and the next at 1.0920.

Bob Stan
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