31 December 2020, EUR/USD
Wave Analysis
Euro continues to rally to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains above the blue line, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 1.23110 towards 1.245 or even higher. On this chart, we will continue to look for more buy positions expecting the price to rise beyond 1.245 or even higher.
Trade Recommendations:
Remain long expecting price to break above 1.25.
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