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We're buyers towards 1.12.

We're buyers towards 1.12. | 15 November 2022

15 November 2022, EUR/USD

We're buyers towards 1.12.

Wave Analysis

During the previous trading week, Euro rallied to the upperside and is still showing signs of continuing much higher. On this chart, we keep looking for long term buy positions expecting the price to go as high 1.05 and may likely continue much higher. As it is right now, if the price pulls back towards the upper trendline, then this will be a good place to consider a possible long term buy position towards 1.12.

Trade Recommendations:

We're buyers towards 1.12.

Bob Stan
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