Wait for a break above the resistance zone to pick a buy towards 1.1495. | 20 January 2022
20 January 2022, EUR/USD
Wave Analysis:
Previously Euro had been rallying on the lower trendline below the resistance zone (1.1383-1.1363) the price broke above the zone to the upper trendline and bounced back to the lower trendline.Currently the price is at the resistance zone,we are waiting for a clear direction,should the price break above the resistance zone then we expect bullish momentum towards 1.1495, the resistance zone would be a good place to look for buy positions.
Trade Reccommendation:
Wait for a break above the resistance zone to pick a buy towards 1.1495.
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.
