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We're sellers towards 0.91.

We're sellers towards 0.91. | 10 October 2022

10 October 2022, EUR/USD

We're sellers towards 0.91.

Wave Analysis

During the previous trading day, Euro rallied to the lowerside and is still showing signs of continuing much lower. As long as the price remains below the upper trendline, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count (5) to the lowerside and will see the price accelerate towards 0.93 or even lower.

Trade Recommendations:

We're sellers towards 0.91.

Bob Stan
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