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Look for low risk buy positions towards 1.23705

Look for low risk buy positions towards 1.23705 | 15 tháng Giêng 2021

15 tháng Giêng 2021, EUR/USD

Buy a rebound from the zone 1.21426 towards 1.23705.

Wave Analysis

Yesterday, Euro attempted a breakout below the zone 1.21585-1.21426. As long as the price remains above this zone, we are looking for more momentum to he upperside. The anticipated bullish price rally is the continuation of the impulsive wave (v) to the upperside and should breakout above 1.23705. If the price breaks and closes below 1.21426, then we will be expecting a continuation of the impulsive wave (iv) to the lowersive to the lowerside but should not go beyond 1.21084.

Trade Recommendations:

Look for low risk buy positions towards 1.23705

Bob Stan
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