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We're sellers towards 0.90.

We're sellers towards 0.90. | 03 October 2022

03 October 2022, EUR/USD

We're sellers towards 0.90.

Wave Analysis

During the previous trading day, Euro pulled back to the upper side but is still in an active downtrend, as long as the price remains below the two moving averages, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price break and close below 0.90 and may continue much lower.

Trade Recommendations:

We're sellers towards 0.90.

Bob Stan
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