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Waiting for a potential buy signal towards 1.0108.

Waiting for a potential buy signal towards 1.0108. | 01 November 2022

01 November 2022, EUR/USD

Wave Analysis

So far, on this chart, we have seen a 61.8% fib retracement, where the price is now is a potential good buy opportunity, and if the price breaks and closes below it, then we may likely see a continuation to the lowerside towards 0.97230 and may likely extend much lower. On this chart, while we continue to see sustenance above 0.98680, we are looking for a possible long term buy position.

Trade Recommendations:

Waiting for a protential buy signal towards 1.0108.

Bob Stan
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