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We're buyers towards the upper trendline.

We're buyers towards the upper trendline. | 07 January 2022

07 January 2022, EUR/USD

We're on the sidelines.

Wave Analysis:
The EURUSD is currently in a range, not going above or below the trendline. Yesterday, we took a buy after the rebound from the lower trendline and is still holding. Onur expectations is that the price should continue to move to the upperside and may see the price break above the upper trendline. If you are looking at this chart now, remain long, however, if the price breaks below the lower trendline, then we will be looking for a possible long term sell position.
Trade Recommendations:
We're buyers towards the upper trendline.

Bob Stan
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