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We're sellers. | 19 August 2022

19 August 2022, EUR/USD

We're sellers.

Wave Analysis:

Despite being positively correlated to the British pound, Euro continues to rally much lower following the break below 1.05045. As is it is right now, we expecct a possible extension to the lowerside, I recommend looking for low risk sell positions expecting the price to continue much lower with the next ideal target set at 0.9606 and may likely continue much lower.
Trade Recommendations:
We're sellers.
Bob Stan
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