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Wait | 12 December 2022

12 December 2022, EUR/USD

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Wave Analysis:

Just as the British pound, Euro is currently in a range, not going above 1.06081 or below 1.03899. As long as the price does not break and close below these levels, we expect nothing but a possible rebound from the lower level to pick a buy and a rebound from the upper level to pick a sell. If the price breaks above the upper line, we will be expecting a continuation of the last impulsive wave (c) to the upperside and may see the price rally towards 1.09 or even higher.
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Bob Stan
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