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We are on the sideline waiting for a clear signal.

We are on the sideline waiting for a clear signal. | 11 January 2022

11 January 2022, EUR/USD

We are on the sideline waiting for a clear signal.

Wave Analysis:

This pair has been on a downward trend, currently the price has been rallying in between the upper trendline and the lower trendline in a corrective wave. If the price breaks above the upper trendline I expect it to go long up to 1.1520,but if the price breaks below the lower trendline I expect it to continue short.

Trade recommendation:

We are on the sideline waiting for a clear signal.

Bob Stan
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