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We're expecting a possible long term sell position

We're expecting a possible long term sell position | 24 December 2021

24 December 2021, EUR/USD

We're expecting a possible long term sell position

Wave Analysis

Yesterday, nothing much happened on the Euro, we expected a possible rally and a rebound from the upper trendline, however, the price barely bounced off from this trendline, as it is right now, I expect nothing but a possible rally to the lower trendline. If the price breaks below this trendline, then we expect further momentum to the lowerside. On the otherside a break above the upper trendline will push the price to the upperside.
Trade Recommendations:
We're expecting a possible long term sell position
Bob Stan
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