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We're waiting for a rebuy from around 1.22416.

We're waiting for a rebuy from around 1.22416. | 08 January 2021

08 January 2021, EUR/USD

We're waiting for a rebuy from around 1.22416.

Wave Analysis

During the previous trading day, Euro continued to the lowerside but could not break below 1.22416. As long as we continue to see sustenance below 1.22416, we expect nothing but a possible momentum towards 1.23094, if the price breaks and closes below 1.22416, then we will be expecting further momentum to the lowerside is expected towards 1.22211, if the price breaks and closes below this next target then we will looking for more momentum to the lowerside with an ultimate target at 1.21774.

Trade Recommendations:

We're waiting for a rebuy from around 1.22416.

Bob Stan
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