Wait | 20 November 2020

20 November 2020, EUR/USD

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Wave Analysis

We continue to see persistence below the zone 1.19334-1.18875. If you are looking at this chart now, keep looking for long term sell positions. And in case the price breaks and closes above 1.19334, then this would mean we are continuing upwards with the next ideal target set around 1.20120. The idea is to wait for price to break and close above 1.19334 then wait for a pullback before picking a long term buy position with an ultimate target fixed around 1.2121 and could extend much higher.

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Bob Stan
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