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We're sellers towards 0.93.

We're sellers towards 0.93. | 07 October 2022

07 October 2022, EUR/USD

Wave Analysis

After almost 23% fib retracement, Euro has now embarked on a bearish rally. 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 may see the price rally towards 0.9300 and may accelerate much lower with the next target set around 0.92 or even lower.

Trade Recommendations:

We're sellers towards 0.93.

Bob Stan
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