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We're waiting for a sell from around 1.04040 and may extend much lower towards 0.96800.

We're waiting for a sell from around 1.04040 and may extend much lower towards 0.96800. | 12 August 2022

12 August 2022, EUR/USD

We're waiting for a sell from around 1.04040 and may extend much lower towards 0.96800. Wave Analysis:

During the previous trading day, Euro continued to rally to the upperside and is still showing signs of continuing much higher. On this chart, buying,or holding onto a buy positions looks ideal and can safely be recommended. As it is now, on the monthly chart, we are looking for a correction towards 1.04040 and should not break above it, if you are looking at this chart right now, wait for a possible sell position from around 1.04040 with an ideal target set at 0.96800. A break above this level will push the price much higher towards 1.07660 and may extend much higher.
Trade Recommendations:
We're waiting for a sell from around 1.04040 and may extend much lower towards 0.96800.
Bob Stan
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