We're sellers towards 0.93560 | 25 Octubre 2022
25 Octubre 2022, EUR/USD
Wave Analysis:
Euro is currently rallying within a contracting wedge formation. As long as the price does not clearly break and close above the upper trendline, we are waiting for a rebound from the upper trendline to pick a possible long term sell position,. we still expect the last impulsive wave V to accelerate to the lower side and should break below 0.94620 towards 0.93560 and may extend much lower.
Trade Recommendations:
We're sellers towards 0.93560
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.
