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We're sellers towards 0.8.

We're sellers towards 0.8. | 24 August 2022

24 August 2022, EUR/USD

We're sellers towards 0.8.

Wave Analysis:

As previously forecasted, EURO has maintained an active downtrend. While the price remains below the Cloud formation shown above, we're strictly holding onto a seller's perspective, we are basically watching for a break below the recent lowest low, to pick a possible long term sell position. The anticipated bearish price rally is the continuation of the last impulsive wave (v) and may see the price extend much lower towards 0.9 and could head much lower.
Trade Recommendations:
We're sellers towards 0.8.
Bob Stan
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