We're sellers towards 1.145 | 16 November 2021
16 November 2021, EUR/USD
Wave Analyis
Eur is currently heading to the lowerside, during the previous trading day, euro rallied to the lowerside and is still pretty much bullish both on the daily and on the weekly charts. As long as the price remains below the previous day's lowest low, we expect a possible continuation of the last impulsive wave (v) to the lowerside and could see the price break and close below 1.1240 and may extend much lower. As it is right now, keep looking for low risk sell positions.
Trade Recommendations:
We're sellers towards 1.145
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.
