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We're waiting for a reversal.

We're waiting for a reversal. | 23 December 2022

23 December 2022, EUR/USD

We're waiting for a reversal.

Wave Analysis:

Euro continues to rally within a range not going above 1.06878 or below 1.05937. These are good levels and while the price remains within any of these lines, we are waiting for a rebound from 1.05937 to pick a buy position or a rebound from 1.06879 to pick a sell position. In the flipside, a break and a close below any of these levels will push the price in the direction of the breakout.
Trade Recommendations:
We're waiting for a reversal.
Bob Stan
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