We're buyers towards 1.09. | 09 December 2022

09 December 2022, EUR/USD

We're buyers towards 1.09.

Wave analysis

Euro continues to rally to the upperside and is showing signs of breaking above 1.06. If the price breaks and closes above this level, then we expect nothing but a possible momentum to the upperside, The anticipated bullish price rally is the continuation of the last impulsive wave (c) to to the upperside and will see the price rally towards 1,07 and may accelerate much higher towards the next level 1.09.

Trade Recommendations:

We're buyers towards 1.09.

Bob Stan
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