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We're sellers towards 0.93.

We're sellers towards 0.93. | 06 October 2022

06 October 2022, EUR/USD

We're sellers towards 0.93.

Wave Analysis

After the tremendous pullback see towards the 52 Period moving average, the pair is now showing signs of accelerating to the lowerside. On this chart, I 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 should see the price rally much lower with the next target set at 0.93.

Trade Recommendations:

We're sellers towards 0.93.

Bob Stan
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