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Wait and buy a rebound from 0.98964-0.98839 and will push the price much lower.

Wait and buy a rebound from 0.98964-0.98839 and will push the price much lower. | 07 September 2022

07 September 2022, EUR/USD

Wait and buy a rebound from 0.98964-0.98839 and will push the price much lower.

Wave Analysis:

After a break below the lower trendline, Euro rallied to the lowerside but is still above the zone 0.98964-0.98839. If this zone is broken, then further momentum to the lowerside is expected with next ideal target set at 0.89 and may likely head much lower. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside with the next ideal target set around 0.98 and will likely head much lower.

Trade Recommendation:

Wait and buy a rebound from 0.98964-0.98839 and will push the price much lower.

Bob Stan
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