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We're sellers towards 1.12

We're sellers towards 1.12 | 18 November 2021

18 November 2021, EUR/USD

We're sellers towards 1.12

Wave Analysis:

Yesterday, Euro closed as a bullish pin bar, however, we are in the middle of an active downtrend. As long as the p-rice remains above the previous day's highest high, we expect the previous pullback to the upperside to be a mere correction in the midst of an active downtrend. On this chart, we focus mostly on sell positions. The idea here will be to look for low risk sell positions expecting a break below the previous day's lowest low towards 1.21 and may extend much lower.
Trade Recommendations:
We're sellers towards 1.12
Bob Stan
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