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Wait | 13 December 2022

13 December 2022, EUR/USD

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Wave Analysis:

Nothing much appears to happen on Euro, the price continues to rally to the upperside and is not showing any signs of breaking much higher. On this chart, if the price breaks and closes above 1.06218, then further momentum much higher is expected towards 1.08 and may rally much higher. On this chart, should the price rebound from 1.06, then this will be an ideal place to consider a possible sell order back towards 1.03 and may break and close below it. As it is right now, we are waiting for either a break above 1.06 to pick a buy, or a rebound from it to pick a sell.
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Bob Stan
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