We're on the sidelines. | 05 يناير 2022
05 يناير 2022, EUR/USD
Wave Analysis
During the previous trading day, Euro rallied to the lowerside and is currently almost hitting the lower trendline. If the price breaks and closes below the lower trendline, then further momentum to the lowerside is expected towards 1.10 and may extend much lower. On the flipside, should the price break above the upper trendlline, then further momentum to the upperside is expected with an ideal target set at 1.1530.
Trade Recommendations:
We're on the sidelines.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
