12 Februari 2021, EUR/USD
Wave Analysis
For the past two days, nothing much appears to be happening on this chart. As long as the price remains below the zone 1.21765-1.21561, we are looking for long term sell positions. However, if the price breaks and closes above the same zone, then this will be a good place to consider a possible long term buy position with an ultimate target at 1.23950. The anticipated bullish price rally is the continuation of the impulsive wave (5) to the upperside may ultimately break above 1.23950.
Trade Recommendations:
Buy a break above 1.21765.
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