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We're buyers towards 1.06.

We're buyers towards 1.06. | 02 December 2022

02 December 2022, EUR/USD

We're buyers towards 1.06.

Wave Analysis

During the previous trading day, Euro rallied to the upperside and went above the upper trendline. As it is right now, I expect nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for low risk buy positions and will see the price rally towards the level 1.06 and may see a breakout above this level, a rebound from 1.06 will means we're sellers towards 1.03899 and may break below it towards 1.00381.

Trade Recommendations:

We're buyers towards 1.06.

Bob Stan
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