We're on the sidelines for now, | 04 Enero 2022
04 Enero 2022, EUR/USD
Wave Analysis
Euro is currently in a corrective mode. As long as the price remains within the contracting wedge formation, we are waiting for a clear breakout below the lower trendline to pick a possible long term sell position with an ideal target set at 1.1155. A break below the lower trendline will push the price much lower. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and may see the price break below 1.10 towards 1.09.
Trade Recommendations:
We're on the sidelines for now,
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.
