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As long as the price remains above the zone 1.03899-.103563, we expect nothing but a possible momentum towards 1.10050.

As long as the price remains above the zone 1.03899-.103563, we expect nothing but a possible momentum towards 1.10050. | 30 November 2022

30 November 2022, EUR/USD

As long as the price remains above the zone 1.03899-.103563, we expect nothing but a possible momentum towards 1.10050.

Wave Analysis

During the previous few days, Euro attempted a break above the zone 1.03899-1.03563. This is a key zone and while the price could not break and close above it, we are expecting that now, that the price is below it, we are looking for low risk sell position expecting a possible rally to the lowerside. While the price remains above this zone, I am looking for nothing but a possible momentum to the upperside with the next ideal target set at 1.10050.

Trade Recommendations:

As long as the price remains above the zone 1.03899-.103563, we expect nothing but a possible momentum towards 1.10050.

Bob Stan
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