We're sellers towards 1.11275. | 22 November 2021
22 November 2021, EUR/USD
Wave Analysis:
Last week, we saw a surge to the lowerside as Euro maintained an active downtrend. As it is right now, we keep looking for low risk sell positions expecting a possible break below the previous week lowest low. The anticipated bearish price rally is the continuation of both the impulsive waves (5) and 5 and may see the price break below 1.11275 towards 1.1221.
Trade Recommendations:
We're sellers towards 1.11275.
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.
