Watch for a rebound along the upper blue line to pick a possible sell position. | 18 اكتوبر 2022
18 اكتوبر 2022, EUR/USD
Wave Analysis:
According to the daily chart above, Euro is currently in a correction mode. As long as the price remains below the upper blue line, I expect the current bullish rally to be a mere correction and may not rise beyond 1.001030. On this chart, I am looking for a possible long term sell position with the next ideal target set at 0.94205, if the price breaks and close above the upper blue line, then this view may be violated.
Trade Recommendations:
Watch for a rebound along the upper blue line to pick a possible sell position.
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.
