We're expecting a possible long term sell position | 24 December 2021
24 December 2021, EUR/USD
Wave Analysis
Yesterday, nothing much happened on the Euro, we expected a possible rally and a rebound from the upper trendline, however, the price barely bounced off from this trendline, as it is right now, I expect nothing but a possible rally to the lower trendline. If the price breaks below this trendline, then we expect further momentum to the lowerside. On the otherside a break above the upper trendline will push the price to the upperside.
Trade Recommendations:
We're expecting a possible long term sell position
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
