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We're watching for more bullish retracements towards 1.01730.

We're watching for more bullish retracements towards 1.01730. | 30 September 2022

30 September 2022, EUR/USD

We're watching for more bullish retracements towards 1.01730.

Wave Analysis:

During the previous trading day, instead of continuing to the lowerside, Euro retraced massively to the upperside and is still showing signs of continuing much higher. As it is right now, I am waiting for a rebound from the upper moving average to pick a possible long term sell position towards 0.96770 and could breakout much lower. The idea is to watch for price around the previous day's opening price to pick a possible buy position.
Trade Recommendations:
We're watching for more bullish retracements towards 1.01730.
Bob Stan
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