18 February 2021, EUR/USD
Wave Analysis
Euro is currently in a corrective mode, we are expecting a possible rally towards the zone 1.19626-1.19270. If the price rebound from this zone, the this will be a good place to consider a possible long term buy position, the anticipated bullish price rally is the continuation of the an impulsive wave count and should break above 1.23495 towards 1.25 or even higher. On the other side, should the price break and close below 1.19270, then we will be looking for long term sell positions towards 1.16495.
Trade Recommendations:
Wait for a buy from around 1.19626-1.19270 towards 1.23495.
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