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We're sellers towards 1.10995.

We're sellers towards 1.10995. | 09 December 2021

09 December 2021, EUR/USD

We're sellers towards 1.10995.

Wave Analysis

Yesterday, Euro pulled back to the upperside but is still below the immediate upper trendline. While the price remains below this trendline, I expect nothing but a pissible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and should break below 1.10995 and may extend much lower towards 1.09. If the pricce breaks and closes above 1.13729, then we are buyers towards 1.15139.

Trade Recommendations:

We're sellers towards 1.10995.

Bob Stan
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