Technical analysis
EURUSD Wave Analysis 3 December, 2020
December 03, 2020 @ 18:16 +03:00
![EURUSD Wave Analysis 3 December, 2020 EURUSD Wave Analysis 3 December, 2020](https://fxpro.news/wp-content/uploads/2020/04/euro5.jpg)
• EURUSD rising inside impulse waves 3 and (C)
• Likely to rise to 1.2300
EURUSD continues to rise inside the sharp upward impulse wave 3 – which previously broke above the powerful resistance level 1.200.
The breakout of the resistance level 1.200 accelerated both of the active nested impulse waves 3 and (C).
Given the clear daily uptrend – EURUSD is expected to rise further toward the next resistance level 1.2300 (target price for the completion of the active impulse wave 1).
![](https://fxpro.news/wp-content/uploads/2020/12/eurusd-primary-analysis-dec-03-1644-pm-1-day-1024x479.png)