We're sellers towards 0.96. | 04 November 2022

04 November 2022, EUR/USD

We're sellers towards 0.96.

Wave Analysis

Euro is currently rallying in a bearish manner. Following the previous day's Crash, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last two impulsive waves 5 and (c) and will likely see the price accelerate to the lower side and may breakout below 0.97080 towards 0.96 or even lower. On this chart, keep looking for sell positions.

Trade Recommendations:

We're sellers towards 0.96.

Bob Stan
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