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We're sellers towards 1.00848

We're sellers towards 1.00848 | 23 November 2022

23 November 2022, EUR/USD

We're sellers towards 1.00848

Wave Analysis

During the previous trading day, Euro pulled back to the upperside but is still bellow 1.03085. As long as the price remains below this level, I am expecting a possible extension of the last impulsive wave (c) to lowerside and will see the price rally towards 1.00848 and may breakout much lower. On the flipside, should the price break and close above 1.03085, then this will be a goo place to consider a possible long term buy position towards 1.032.

Trade Recommendations:

We're sellers towards 1.00848

Bob Stan
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