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We're sellers towards 1.16

We're sellers towards 1.16 | 16 September 2021

16 September 2021, EUR/USD

We're sellers towards 1.16

Wave Analysis:

On the EURUSD chart, we expect nothing but a possible rally to the lowerside annd should see the price rebound from around 1.17210 to the upperside. If the price breaks and closes below this level, then further momentum much lower is expected. If you are looking at this chart right now, keep looking for long term sell positions. However, iff the price breaks above the previous day's highest high, then this will be a good place to consider a possible long term buy position.
Trade Recommendations:
We're sellers towards 1.16
Bob Stan
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