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We're sellers towards 1.00848.

We're sellers towards 1.00848. | 22 November 2022

22 November 2022, EUR/USD

Wave Analysis

Euro continues to rally below the level 1.03085. As long as the price remains below this level, I expect nothing but a possible momentum to the lowerside. the anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and will see the price rally towards 0.98410 or even lower. On this chart, unless the price breaks and closes above 1.03085, we are on the sidelines. The idea here is to keep watching for sell positions.

Trade Recommendations:

We're sellers towards 1.00848.

Bob Stan
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