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We're waiting for a buy around 1.05871.

We're waiting for a buy around 1.05871. | 02 January 2023

02 January 2023, EUR/USD

We're waiting for a buy around 1.05871.

Wave Analysis

Euro continues to rally within a rising channel formation. As long as the price remains below 1.06925, we are waiting for a rebound from it to pick a possible long term sell position back towards 1.06927. If the price breaks and close below this level, then further momentum to the lowerside is expected with the next ideal target set around 1.05 and may continue much lower towards 1.04.

Trade Recommendations:

We're waiting for a buy around 1.05871.

Bob Stan
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