We're on the sidelines. | 16 Noviembre 2022
16 Noviembre 2022, EUR/USD
Wave Analysis
During the previous trading day, Euro rallied to the upperside and is still showing signs of continuing to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (5) tto the upperside and should see the price continue towards 1.14 and may extend much higher. On the flipside, should the price break and close below the previous day's lowest low, then this will be a good place to consider a possible long term sell position.
Trade Recommendations:
We're on the sidelines.
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.
