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We are short towards 1.0910.

We are short towards 1.0910. | 14 February 2022

14 February 2022, EUR/USD

We are short towards 1.0910.

Wave Analysis:

The Euro has been on a downtrend for a while now, currently the price is on the upper trendline in a corrective wave cycle four, during the last trading days the price tried breaking above the upper trendline but it ended up closing below it with a pin bar, we expect a rebound to the lower side towards 1.0910 in continuation of the impulsive wave cycle five. Right now we are sellers.

Trade Recommendations:

We are short towards 1.0910.

Bob Stan
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