We're sellers towards 1.05 towards 1.01. | 04 1月 2023

04 1月 2023, EUR/USD

We're sellers towards 1.05 towards 1.01.

Wave Analysis:

During the previous trading day, Euro rallied to the lowerside and even went below the level 1.0593. As long as the price remains below this level, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of the last impulsive wave (c) and may see the price rally towards 1.042 and may extend much lower. On this chart, keep looking for low risk sell positions as long as the price is held below 1.05. the idea is to keep looking for sell orders unless the price breaks and closes above 1.06.
Trade Recommendations:
We're sellers towards 1.05 towards 1.01.
Bob Stan
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