17 Desember 2021, EUR/USD
Wave Analysis
Yesterday, Euro bounced off from the lower trendline, headed straight to the upperside but could not go beyond the upper trendline. As long as the price remains below the upper trendline, we expect nothing but a possible momentum to the lowerside. The ideal is to keep looking for long term sell positions towards the lower trendline. In case the price breaks above the upper trendline, then we will be looking for a possible long term buy position towards 1.13867 and may continue much higher towards 1.144639.
Trade Recommendations:
We're sellers towards the lower trendline.