We're sellers with an ultimate target set at 0.89. | 08 Agosto 2022
08 Agosto 2022, EUR/USD
Wave Analysis:
EURUSD has been in an active downtrend for sometimes now. As long as the price remains below the previous day's lowest low are looking for a possible long term sell position. As it is now, we are looking for a possible break below the wedge formation to pick a possible long term sell position expecting the price break below 0.99600 and may continue much lower with an ultimate target set at 0.98.
Trade Recommendations:
We're sellers with an ultimate target set at 0.89.
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.
