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Wait for a sell from around 1.03550 towards 0.99820.

Wait for a sell from around 1.03550 towards 0.99820. | 09 August 2022

09 August 2022, EUR/USD

Wait for a sell from around 1.03550 towards 0.99820.

Wave Analysis:
On the daily chart attached, we are looking at the zone 1.03550-1.03890. As long as the price remains below this zone, we are looking forward for a possible long term sell position. The anticipated bearish price arlly is the copntinuation of the last impulsive wave (5) to the lowerside and may see the price break and close below 0.99820 and may likely extend much lower. On this chart, keep looking for low risk sell positions towards 0.89 and may extend much lower.
Trade Recommendations:
Wait for a sell from around 1.03550 towards 0.99820.
Bob Stan
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