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We're sellers towards 1.11881.

We're sellers towards 1.11881. | 20 December 2021

20 December 2021, EUR/USD

We're sellers towards 1.11881.

Wave Analysis

Euro is currently in an active downtrend. As it is right now, we are looking forward to a possible rally much lower towards the lower trendline and may break below 1.11881. If the price breaks below this level, then further momentum much lower is expected with an ideal target set at 1.10 abd may extend much lower. We are likley to see a pullback towards the same lower trendline to pick a possible low risk sell position towards 1.11081.

Trade Recommendations:

We're sellers towards 1.11881.

Bob Stan
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