We're sellers towards 0.89. | 29 Agosto 2022
29 Agosto 2022, EUR/USD
Wave Analysis:
:Last week, EURO rallied to the lowerside but could not break beloww 0.98510. On this chart, we are basically waitinhg for a pull back towards 23.6% fib level or 38.2 % fib level to pick a possible long term sell position. The anticipated bearish price rally is the continuation of the impulsive wave (5) to the lowerside and may see the price ascend and break beyond 0.96505 towards 0.8 or even lower. On this chart, sell positions still look ideal and can safely be recommended.
Trade Recommendations:
We're sellers towards 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.
