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We're sellers towards 1.12

We're sellers towards 1.12 | 17 November 2021

17 November 2021, EUR/USD

Wave Analysis:

Euro continues to rally to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is right now, we are looking for a possible long term sell positions expecting a sell towards 1.11785 and may extend much lower. If you are looking at this chart right now, keep looking for low risk sell positions. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and may end up below 1.21.
Trade Recommendations:
We're sellers towards 1.12
Bob Stan
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