We're sellers towards 0.96. | 03 November 2022

03 November 2022, EUR/USD

We're sellers towards 0.96.

Wave Analysis

Yesterday, Euro rallied to the lowerside and even went below the level 0.98577 and is currently heading to the lowerside. On this chart, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive waves 5 and (5) and should see the price rally towards 0.97900 or even lower towards 0.96 or even lower.

Trade Recommendations:

We're sellers towards 0.96.

Bob Stan
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