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We're sellers towards 1.02035.

We're sellers towards 1.02035. | 21 Noviembre 2022

21 Noviembre 2022, EUR/USD

We're sellers towards 1.02035.

Wave Analysis

During the previous week on Friday, Euro rallied to the lowerside and even went below the lower trendline, as long as the price remains below this trendline, I expect nothing but a possible momentum to the lowerside. While the price remains below this trendline, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and may see the price rally towards 1.02035.

Trade Recommendations:

We're sellers towards 1.02035.

Bob Stan
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