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We are sellers towards 1.1269.

We are sellers towards 1.1269. | 16 February 2022

16 February 2022, EUR/USD

Wave Analysis:

The Euro is currently on an expanding wave formation, during the previous trading hours the price rallied on the upper trendline, as of now we expect a rebound towards the lower trendline around 1.1269 from the upper trendline, in continuation of the impulsive wave cycle five. On the flipside, should the price break above the upper trendline, we expect to continue upwards around 1.1415,but as of now we are sellers.

Trade Recommendations:

We are sellers towards 1.1269.

Bob Stan
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