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We're sellers towards 0.93

We're sellers towards 0.93 | 13 October 2022

13 October 2022, EUR/USD

Wave Analysis

During the previous trading day, Euro rallied to the lowerside and is still showing signs of continuing to the lowerside. As long as the price remains below the black moving average, I 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 will see the price break and close below 0.94055 towards 0.93 and may extend much lower.

Trade Recommendations:

We're sellers towards 0.93

Bob Stan
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