We're sellers towards the lower trendline. | 31 December 2021
31 December 2021, EUR/USD
Wave Analysis
During the previous trading day, Euro failed to break above the upper trendline and is now below the same trendline. As we mentioned during our previous trading day, we expect nothing but a possible momentum to the lowerside and should continue much lower towards the lower trendline. And should the price again break above the upper trendline, then further momentum to the upperside and should break above 1.1384 towards 1.1513.
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.
