Remain on the sidelines for now | 17 Noviembre 2022
17 Noviembre 2022, EUR/USD
Wave Analysis
Currently, Euro is rallying within an expanding wedge formation, While the price is held between these two lines, the upper trendline and the lower trendline, we are only interested in reversals, we are waiting to sell a rebound from the upper trendline and to buy a rebound from the lower trendline, any breakout above or below these trendline will push the price in the direction of the breakout. Technically, we're either on a reversal mode, or on the sidelines for now.
Trade Recommendations:
Remain 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.
