We are sellers towards 1.1269. | 16 Februari 2022
16 Februari 2022, EUR/USD
Wave Analysis:
The Euro is currently on an expanding wave formation, during the previous trading hours the price rallied on the upper trendline, as of now we expect a rebound towards the lower trendline around 1.1269 from the upper trendline, in continuation of the impulsive wave cycle five. On the flipside, should the price break above the upper trendline, we expect to continue upwards around 1.1415,but as of now we are sellers.
Trade Recommendations:
We are sellers towards 1.1269.
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.
