We are buyers from 1.1416 towards 1.1475 | 08 February 2022

08 February 2022, EUR/USD

We are buyers from 1.1416 towards 1.1475

Wave Analysis:

Previously Euro broke above this resistance zone(1.1416-1.1408) and the price has been ralllying above it for the past few days,as it is right now, the price is currently retracing back to the same level and we expect to continue upwards from the resistance level towards 1.1475. Alternatively should the price break and close below the resistance level then we will be looking for sell positions as of now we are short term buyers.

Trade Reccommendations;

We are buyers from 1.1416 towards 1.1475

Bob Stan
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