Wait for a sell from around 1.03550 towards 0.99820. | 09 Agustus 2022
09 Agustus 2022, EUR/USD
Wave Analysis:
On the daily chart attached, we are looking at the zone 1.03550-1.03890. As long as the price remains below this zone, we are looking forward for a possible long term sell position. The anticipated bearish price arlly is the copntinuation of the last impulsive wave (5) to the lowerside and may see the price break and close below 0.99820 and may likely extend much lower. On this chart, keep looking for low risk sell positions towards 0.89 and may extend much lower.
Trade Recommendations:
Wait for a sell from around 1.03550 towards 0.99820.
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.
