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We're sellers towards the lower trendline.

We're sellers towards the lower trendline. | 28 December 2021

28 December 2021, EUR/USD

We're sellers towards the lower trendline.

Wave Analysis:

Euro continues to rally below the upper trendline and is not showing any sign of breaking above or below it. As we mentioned in our previous analysis, we are looking for a possible long term sell position towards the lower trendline and may continue much lower. On this chart, sell positions looks ideal and can safely be recommended as long as the price remains below the upper trendline. If the price breaks above the upper trendline, then further momentum to the upperside is expected.
Trade Recommendations:
We're sellers towards the lower trendline.
Bob Stan
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