Expect a rally towards the upper trendline. | 10 Noviembre 2022
10 Noviembre 2022, EUR/USD
Wave Analysis
During the previous trading day, EURO continued to the upperside but is still below the upper trendline. As long as the price does not close above the upper trendline, we are waiting for a rebound from it to pick a possible long term sell position. If the price breaks above the upper trendline, then we will be expecting further momentum to the upperside and may see the price continue to the upperside towards 1.04900.
Trade Recommendations:
Expect a rally towards the upper trendline.
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.
