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We're buyers for now.

We're buyers for now. | 15 December 2022

15 December 2022, EUR/USD

We're buyers for now.

Wave Analysis:
Euro continues to rally to the upperside and is not showing any signs of pulling back. On this chart, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) to the upperrside and may see the price rally towards 1.0 and may likely extend much higher. On this chart, keep looking for buy positions. And if the price again breaks and closes below 1.062, then this will be a good place to consider a possible sell position with an ideal target set around 1.038 and may likely break and close below it. On this chart, sell positions looks ideal and can safely be recommended.
Trade Recommendations:
We're buyers for now.
Bob Stan
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