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We're sellers towards 0.93560

We're sellers towards 0.93560 | 25 October 2022

25 October 2022, EUR/USD

We're sellers towards 0.93560

Wave Analysis:

Euro is currently rallying within a contracting wedge formation. As long as the price does not clearly break and close above the upper trendline, we are waiting for a rebound from the upper trendline to pick a possible long term sell position,. we still expect the last impulsive wave V to accelerate to the lower side and should break below 0.94620 towards 0.93560 and may extend much lower.

Trade Recommendations:

We're sellers towards 0.93560

Bob Stan
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