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We're sellers towards 1.11275.

We're sellers towards 1.11275. | 22 Noviembre 2021

22 Noviembre 2021, EUR/USD

We're sellers towards 1.11275.

Wave Analysis:

Last week, we saw a surge to the lowerside as Euro maintained an active downtrend. As it is right now, we keep looking for low risk sell positions expecting a possible break below the previous week lowest low. The anticipated bearish price rally is the continuation of both the impulsive waves (5) and 5 and may see the price break below 1.11275 towards 1.1221.
Trade Recommendations:
We're sellers towards 1.11275.
Bob Stan
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