We're sellers towards 1.12 | 18 November 2021
18 November 2021, EUR/USD
Wave Analysis:
Yesterday, Euro closed as a bullish pin bar, however, we are in the middle of an active downtrend. As long as the p-rice remains above the previous day's highest high, we expect the previous pullback to the upperside to be a mere correction in the midst of an active downtrend. On this chart, we focus mostly on sell positions. The idea here will be to look for low risk sell positions expecting a break below the previous day's lowest low towards 1.21 and may extend much lower.
Trade Recommendations:
We're sellers towards 1.12
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.
