We're sellers towards 0.93. | 06 Octubre 2022
06 Octubre 2022, EUR/USD
Wave Analysis
After the tremendous pullback see towards the 52 Period moving average, the pair is now showing signs of accelerating to the lowerside. On this chart, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should see the price rally much lower with the next target set at 0.93.
Trade Recommendations:
We're sellers towards 0.93.
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.
