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We're on the sidelines.

We're on the sidelines. | 05 January 2022

05 January 2022, EUR/USD

We're on the sidelines.

Wave Analysis

During the previous trading day, Euro rallied to the lowerside and is currently almost hitting the lower trendline. If the price breaks and closes below the lower trendline, then further momentum to the lowerside is expected towards 1.10 and may extend much lower. On the flipside, should the price break above the upper trendlline, then further momentum to the upperside is expected with an ideal target set at 1.1530.

Trade Recommendations:

We're on the sidelines.

Bob Stan
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