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We're waiting to sell a rebound from the upper trendline.

We're waiting to sell a rebound from the upper trendline. | 26 October 2022

26 October 2022, EUR/USD

We're waiting to sell a rebound from the upper trendline.

Wave Analysis

During thee previous trading day, euro rallied to the upperside but failed to break above the upper trendline, if the price rebounds from the upper trendline, then further momentum to the lowerside towards the lower trendline. If the price break above the upper trendline, then we will be looking for a possible momentum to the upperside towards 1.02040 and may likely extend much higher.

Trade Recommendations:

We're waiting to sell a rebound from the upper trendline.

Bob Stan
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