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We're sellers towards 0.93.

We're sellers towards 0.93. | 11 October 2022

11 October 2022, EUR/USD

We're sellers towards 0.93.

Wave Analysis

During the previous trading day, Euro continued to the lowerside and is still showing signs of continuing to the lowerside. As long as the price remains below the Moving average shown above, I expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (5) and should break below 0.94055 and will extend much lower.

Trade Recommendations:

We're sellers towards 0.93.

Bob Stan
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