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We're waiting for a buy from around 1.03899-103565.

We're waiting for a buy from around 1.03899-103565. | 07 December 2022

07 December 2022, EUR/USD

We're waiting for a buy from around 1.03899-103565.

Wave Analysis

Just as in the British pound, Euro continues to rally to the lowerside but is still above the level 1.03899-1.03563. This is a key level and while the price remains above this zone, I expect a possible rebound from it to pick a possible long term buy position. The idea is to keep looking for low risk buy orders upon hitting the zone, A break and close below this zone, will mean we are looking for a possible long term sell position..

Trade Recommendations:

We're waiting for a buy from around 1.03899-103565.

Bob Stan
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