16 Februari 2021, EUR/USD
Wave Analysis
Nothing much appears to be happening on this pair since the previous day's analysis. All we see is that the price is above 33.0% fib level. While we see substance above this fib level, we are looking for long term buy position towards the the swing high established at 1.23795. And on the flip side, should the price break below 33.0% fib level, then this will be a good place to consider a possible long term sell position towards 1.19599-1.19316. A break below this level will push the price towards 1.16176.
Trade Recommendations:
As long as the price remains above 1.21195, we are upwards towards 1.23795.
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