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Wait and sell a break below 0.98577 towards 0.97090.

Wait and sell a break below 0.98577 towards 0.97090. | 02 November 2022

02 November 2022, EUR/USD

Wave Analysis

During the previous trading day, Euro remained within a range, not going below 0,99415 and above 0.98577. As long as the price remains within this range, we are on the sidelines, we are basically waiting for a break below the lower line to pick a possible long term sell position. On the flipside, should the price break and close above 0.99415, then this could be a good place to consider a possible buy order towards 1.00876.

Trade Recommendations:

Wait and sell a break below 0.98577 towards 0.97090.

Bob Stan
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