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We're expecting further correction towards 1.15.

We're expecting further correction towards 1.15. | 01 Tháng mười hai 2021

01 Tháng mười hai 2021, EUR/USD

Wave Analysis:

Euro is currently rallying around 1.13382. As long as the price remains above the previous day's lowest low, we expect nothing but a possible momentum to the upper side. The anticipated bullish price rally is the continuation of a corrective a corrective wave count and could see the price break and close above 1.13975 and may extend much higher towards 1.16 or even higher. On the flipside, should the price break below 1.11715, then a momentum much lower is expected.

Trade Recommendations:

We're expecting further correction towards 1.15.

Bob Stan
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