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We're on the sidelines.

We're on the sidelines. | 07 December 2021

07 December 2021, EUR/USD

Wave Analysis

Nothing much has happened on this pair, we are still rallying around the zone 1.12010-1.14170. As long as the price remains within this zone, we expect nothing but to remain on the sidelines. However, if the price breaks below the lower line of the zone, we expect nothing but a possible momentum to the lowerside. The anticipated bearisj price rally is the continuation of the impulsive wave (v) to the lowerside and should continue towards 1.10 or even lower.

Trade Recommendations:

We're on the sidelines.

Bob Stan
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