We're sellers towards the lower trendline. | 31 Desember 2021

31 Desember 2021, EUR/USD

We're sellers towards the lower trendline.

Wave Analysis

During the previous trading day, Euro failed to break above the upper trendline and is now below the same trendline. As we mentioned during our previous trading day, we expect nothing but a possible momentum to the lowerside and should continue much lower towards the lower trendline. And should the price again break above the upper trendline, then further momentum to the upperside and should break above 1.1384 towards 1.1513.

Trade Recommendations:

We're sellers towards the lower trendline.

Bob Stan
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