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Look for long term buy positions.

Look for long term buy positions. | 21 December 2020

21 December 2020, EUR/USD

Look for long term buy positions.

Wave Analysis

Euro is currently in an active up trend. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upper side, the anticipated bullish price rally is the continuation of both the impulsive wave (v) and (5) and should breakout above 1.23205 towards 1.2514 or even higher. If you are on this chart now, keep looking for more momentum to the upperside, this view will only be invalidated in case the price breaks below the blue alligator line.

Trade Recommendations:

Look for long term buy positions.

Bob Stan
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