We're sellers. | 05 November 2021
05 November 2021, EUR/USD
Wave Analysis:
During the previous trading day, Euro rallied massively to the lowerside and is still pretty much bearish both on the daily and on the weekly charts. As it is right now, we are looking for a possible extension of the last impulsive wave count and could see the price break and close below 1.1356 and may extend much lower. On this chart basically, sell positions are more ideal and can safely be recommended.
on the flipside, only a break above the previous day's highest high may attract a possible long term buy position.
Trade Recommendations:
We're seller's temporarily.
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.
