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We're sellers towards the lower trendline.

We're sellers towards the lower trendline. | 27 December 2021

27 December 2021, EUR/USD

We're sellers towards the lower trendline.

Wave Analysis

During the past week, Euro rallied to the upperside but failed to break above the upper trendline. As long as the price remains below this trendline, we expect the rebound from the upper trendline to have marked an end to the last impulsive wave (c) and an onset to the last impulsive wave count and may see the price break below 1.1107 towards 1.10 or even lower. On this chart, I expect nothing but a possible momentum to the lower trendline.

Trade Recommendations:

We're sellers towards the lower trendline.

Bob Stan
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