EURUSD EW Daily – 17th December 2020
EURUSD is in an impulsive rise, probably within wave 3) of a five-wave cycle with price now trading at a new high after completed fourth wave. However, there may not be a lot of upside left for current wave 5 of 3), so we think it’s good to be aware of a new wave 4) pullback especially as holidays are approaching. Upside level to watch are at 1.2280-1.2300.