21 January 2021, EUR/USD
Wave Analysis
After a pullback towards 1.21587-1.21469, Euro failed to close above this zone, while we continue to see substance below 1.21587, we recommend looking for low risk sell positions expecting price to continue to the lowerside with the next ideal target set at 1.20750, a breakout below this level will push the price much lower with the next ideal target set at 1.18910. If you are looking at this chart now, keep looking for sell orders unless the price breaks and closes above 1.21587.
Trade Recommendations:
Sell Euro from around 1.21469 towards 1.20750.
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