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We're watching for a possible sell position from 1.03653-1.03236 towards 0.99730.

We're watching for a possible sell position from 1.03653-1.03236 towards 0.99730. | 15 August 2022

15 August 2022, EUR/USD

We're watching for a possible sell position from 1.03653-1.03236 towards 0.99730.

Wave Analysis:

EURUSD is currently heading to the upperside. As long as the price remains within the converging wedge formation, we expect a possible rebound from the zone 1.03653-1.03236 to
pick a possible long term sell position with an ideal target set around 0.99730 and may likely extend much higher. On this chart, wait for a break below the immediate trendline
to pick a possible long term sell position with an ideal target set at 0.99730.
Trade Recommendations:
We're watching for a possible sell position from 1.03653-1.03236 towards 0.99730.
Bob Stan
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