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We are sellers towards 1.1045.

We are sellers towards 1.1045. | 01 February 2022

01 February 2022, EUR/USD

We are sellers towards 1.1045.

Wave Analysis:

The Euro is currently on a downtrend,during the previous trading day the price bounced off from the lower trendline in continuation of the corrective wave cycle four.Currently the price is on the upper trendline,we expect a rebound from the upper trendline towards the lower side upto 1.1045 or even much lower,as of now we are sellers unless the price breaks and closes above the upper trendline then we would be looking for buy positions.

Trade Reccommendations:

We are sellers towards 1.1045.

Bob Stan
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