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We're sellers with an ultimate target set at 0.89.

We're sellers with an ultimate target set at 0.89. | 08 August 2022

08 August 2022, EUR/USD

Wave Analysis:
EURUSD has been in an active downtrend for sometimes now. As long as the price remains below the previous day's lowest low are looking for a possible long term sell position. As it is now, we are looking for a possible break below the wedge formation to pick a possible long term sell position expecting the price break below 0.99600 and may continue much lower with an ultimate target set at 0.98.
Trade Recommendations:
We're sellers with an ultimate target set at 0.89.
Bob Stan
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