We're sellers towards the lower trendline. | 27 December 2021
27 December 2021, EUR/USD
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.
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.
