We're on the sidelines | 22 December 2021

22 December 2021, EUR/USD

Wave Analysis
Euro continues to rally within the contracting wedge formation and is not showing any signs of clearly breaking below or above it. As it is right now, we expect nothing but a possible break above the upper trendline to pick a possible bbuy position, otherwise, in case the price breaks below the lower trendline, then we'll be looking for further momentum to the lowerside. This is the continuation of the previous bearish impulsive five wave cycle and may see the price break below 1.1197 towards 1.10 or even lower.
Trade Recommendations:
We're on the sidelines
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus