We're sellers towards 0.91. | 10 Oktober 2022
10 Oktober 2022, EUR/USD
Wave Analysis
During the previous trading day, Euro rallied to the lowerside and is still showing signs of continuing much lower. As long as the price remains below the upper trendline, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of an impulsive wave count (5) to the lowerside and will see the price accelerate towards 0.93 or even lower.
Trade Recommendations:
We're sellers towards 0.91.
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.
