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We're sellers towards 1.14113.

We're sellers towards 1.14113. | 11 October 2021

11 October 2021, EUR/USD

We're sellers towards 1.14113.

Wave Analysis

During the previous trading day, the impulsive wave (c) continued to the upperside and is still pretty much bullish both on the daily and on the weekly charts, we're basically watching for a long term sell position towards 1.14113. The anticipated bearish price rally is the continuation of the last impulsive wave (C) to the lowerside and should break below 1.14113 and may continue much lower with the next ideal target set at 1.11.

Trade Recommendations:

We're sellers towards 1.14113.

Bob Stan
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