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We're on the sidelines.

We're on the sidelines. | 16 November 2022

16 November 2022, EUR/USD

Wave Analysis

During the previous trading day, Euro rallied to the upperside and is still showing signs of continuing to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) tto the upperside and should see the price continue towards 1.14 and may extend much higher. On the flipside, should the price break and close below the previous day's lowest low, then this will be a good place to consider a possible long term sell position.

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We're on the sidelines.

Bob Stan
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