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We're sellers towards 0.09324.

We're sellers towards 0.09324. | 05 October 2022

05 October 2022, EUR/USD

We're sellers towards 0.09324.

Wave Analysis:

Euro continues to rally to the upperside but is still below the upper 52 period moving average. On this chart, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (5) to the lowerside and should see the price break and close below 0.94055 towards 0.93 or even lower. On this chart, we expect nothing but a possible rally to lowerside.

Trade Recommendations:

We're sellers towards 0.09324.

Bob Stan
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