12 Januari 2022, EUR/USD
Wave Analysis:
EUR is currently within a contracting wave formation ,if the price bounces off from the upper trend line, I expect it to continue downwards upto to the lower trendline.On the otherside if the price breaks above the upper trendline, I expect it to continue to the upperside upto 1.1665 or even more further.Currently we are waiting for a clear signal to either buy or sell.
Trade Reccommendation;
we are on the sidelines waiting for a clear signal.