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We're sellers towards 1.10995.

We're sellers towards 1.10995. | 08 December 2021

08 December 2021, EUR/USD

We're sellers towards 1.10995.

Wave Analysis

After breaking below the lower red trendline, Euro continued to the lowerside and is still showing signs of continuing to the lowerside. As it is right now, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should break below 1.10995 and should continue much lower with an ultimate target set around 1.09 or even lower.

Trade recommendations:

We're sellers towards 1.10995.

Bob Stan
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