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Wait and sell a rebound from 1.22253 with our target at 1.21296.

Wait and sell a rebound from 1.22253 with our target at 1.21296. | 11 January 2021

11 January 2021, EUR/USD

Wait and sell a rebound from 1.22253 with our target at 1.21296.

Wave Analysis

Earlier today, the first impulsive wave (a) continued to the lower side and is still pretty much bearish both on the daily and on the weekly charts. If you are looking at this chart right now, keep looking for more momentum to the lower side, at the moment, we are waiting for the corrective wave (b) to push price to the upper side but should not go beyond 1.22253. If you are looking at this chart right now, wait and sell a rebound from the level 1.22253 with and ultimate target set around 1.21296.

Trade Recommendations:

Wait and sell a rebound from 1.22253 with our target at 1.21296.

Bob Stan
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