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We're sellers towards 0.98070

We're sellers towards 0.98070 | 31 October 2022

31 October 2022, EUR/USD

We're sellers towards 0.98070

Wave Analysis:

Euro is currently in an active downtrend. As long as the price remains below the upper trendline, I expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lower side and may see the price rally towards 0.98380 and will likely push the price much lower. On this chart, as it is right now, only sell positions looks ideal and can safely be recommended.
Trade Recommendations:
We're sellers towards 0.98070
Bob Stan
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