We're sellers towards 1.14113. | 18 October 2021

18 October 2021, EUR/USD

We're sellers towards 1.14113.

Wave Analysis

After breaking below the level 1.16350, Euro rallied to the lowerside before pulling back to the same level, while the price remains below the level 1.16350, we are looking for long term sell positions towards 1.14113. This is the continuation of the last impulsive wave (c) to the lowerside and may ultimately break and close below 1.14113 towards 1.10680. Onn the flipside, a break above 1.16350 may mean we're now buyers towards 1.19150.

Trade Recommendations:

We're sellers towards 1.14113.

Bob Stan
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