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We're holding onto a sell positions.

We're holding onto a sell positions. | 05 September 2022

05 September 2022, EUR/USD

We're holding onto a sell positions.

Wave Analysis
EURO is currently in an active down trend. As we indicated previous, if the price breaks and closes below the previous weeks lowest low, then further momentum to the lowerside is expected. In this chart, we are expecting a possible rally towards 0.98. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may break below 0.89. On the flipside, only a clear breakout above the previous week's highest highest high, then this will be a good place to consider a buy positions.
Trade Recommendations:
We're holding onto a sell positions.
Bob Stan
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