We're buyers towards the upper trendline. | 09 November 2021

09 November 2021, EUR/USD

We're buyers towards the upper trendline.

Wave Analysis:

During the previous trading day, Euro pulled back slightly to the upperside and is still showing signs of continuing much higher. As it is right now, we expect buyers to continue to push price much higher but should not break above the upper trendline. The idea here is to watch for low risk bu8y positions towards the upper trendline. A break below the previous day's lowest low will mean we are continuing short with the last impulsive wave count.
Trade Recommendations:
We're buyers towards the upper trendline.
Bob Stan
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