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we are on the sidelines waiting for a clear signal.

we are on the sidelines waiting for a clear signal. | 12 January 2022

12 January 2022, EUR/USD

Wave Analysis:

EUR is currently within a contracting wave formation ,if the price bounces off from the upper trend line, I expect it to continue downwards upto to the lower trendline.On the otherside if the price breaks above the upper trendline, I expect it to continue to the upperside upto 1.1665 or even more further.Currently we are waiting for a clear signal to either buy or sell.

Trade Reccommendation;

we are on the sidelines waiting for a clear signal.

Bob Stan
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