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We're buyers towards 1.06.

We're buyers towards 1.06. | 08 December 2022

08 December 2022, EUR/USD

Wave Analysis

During the previous trading day, Euro rallied to the upperside and is still showing signs of continuing to the upperside. On this chart, I am looking at nothing but a possible momentum to the upperside. The idea on this chart is to keep looking for buy positions expecting a possible rally towards 1.06 and may likely ascend and close above it. A rebound from 1.06 will attract a possible long term sell position with the next ideal target set at 1.03.

Trade Recommendations:

We're buyers towards 1.06.

Bob Stan
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