We're buyers towards 1.06. | 01 ديسمبر 2022
01 ديسمبر 2022, EUR/USD
Wave Analysis
Currently, Euro is within a converging wedge formation. As it is right now, we are looking for a possible break above 1.03899 and will push the price much higher. On this chart, I am looking for a possible long term buy position towards 1.05. The anticipated bullish price rally and will see the price rally towards 1.06 and may rally much higher towards 1.07 or even higher. On this chart, we are strictly buyers.
Trade Recommendations:
We're buyers towards 1.06.
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.
