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Wait for a low risk sell position with an ultimate target set at 1.14755.

Wait for a low risk sell position with an ultimate target set at 1.14755. | 16 Juni 2021

16 Juni 2021, EUR/USD

We’re sellers towards 1.14755.

Wave Analysis
Since the beginning of this week, we're yet to see anything significant happening on this chart. As long as the price remains below the weekly resistance level 1.22330. This is a key level and a good place to expect sellers to come in. If you are on this chart right now, we are looking for sellers. The ideal is to keep looking for long term sellers expecting a break below 1.17730 with the next ideal target set at 1.14755. If the price breaks below this level then further momentum much lower is expected with the next ideal target at 1.10570
Trade Recommendations:
Wait for a low risk sell position with an ultimate target set at 1.14755.

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Bob Stan
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