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Watch for a sell from around 1.19334.

Watch for a sell from around 1.19334. | 24 November 2020

24 November 2020, EUR/USD

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Wave Analysis

Wave Analysis EURUSD is currently rallying around 1.18503. On the 1 Hour Chart , the previous candle closed below the previous 52 Period Exponential Moving Average. This is a possible Indication that we are in an active Down trend .EURUSD is currently in a range, not going above the previous day's highest high 1.19058,or the previous day's lowest low 1.17995. If the price breaks above 1.19058 then we will consider a long term buy with our target at 1.0499. And on the flipside, a sustained move below 1.19058 will attract sellers with an ideal target around 1.03401.

Trade Recommendations:

Watch for a sell from around 1.19334.

Bob Stan
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