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Wait and sell a break below 0.99546.

Wait and sell a break below 0.99546. | 16 September 2022

16 September 2022, EUR/USD

Wave Analysis:

EURO continues to remain within a range, not going above 1.00241 or below 0.99546. As long as the price remains within these range, I am waiting for a break below 0.99546 to pick a possible long term sell position, or a break above 1.00241 to pick a possible long term buy position towards 1.01115.A break below the lower level will give us an ideal place to consider a possible long term sell position since this is in line with the overall downtrend.
Trade Recommendations:
Wait and sell a break below 0.99546.
Bob Stan
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