We're long towards the upper trendline. | 08 November 2022
08 November 2022, EUR/USD
Wave Analysis
Euro is currently in a correction mode, following the rebound from the lower trendline, euro is continuously showing sustenance above 0.96860. This is a significant horizontal support and while the price does not break and close below it, then we are waiting for a rebound from it to pick a buy order. As it is right now, we are still buyers towards the upper trendline and may breakout above it towards 1.02220.
Trade Recommendations:
We're long towards the upper trendline.
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.
