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We're sellers towards 0.9859.

We're sellers towards 0.9859. | 10 August 2022

10 August 2022, EUR/USD

We're sellers towards 0.9859.

Wave Analysis:

Last month, Euro rallied to the lowerside and is still showing signs of continuing much lower. Following the break below the monthly zone 1.06197-1.04950, we expect nothing but a possible momentummuch lower. On this chart, we recommend looking for low risk sell positions expecting the impulsive wave (5) to extend much lower with the next ideal target set at 0.9650 and willlikely continue lower. On this chart, only sell positions looks ideal and can be recomended.
Trade Recommendations:
We're sellers towards 0.9859.
Bob Stan
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