We sellers with our ideal target at 1.0720. | 11 Februari 2022

11 Februari 2022, EUR/USD

We sellers with our ideal target at 1.0720.

Wave Analysis:

This pair is in a corrective wave count, the price is currently on the upper trendline,just below a key resistance level 1.1469.As long as the price remains below the resistance level we expect a rebound towards 1.0720 or even much lower.On the flip side should the price break above the resistance level then we expect to continue long with our first take profit at 1.1910.But as of now we are sellers.

Trade Reccommendations:

We sellers with our ideal target at 1.0720.

Bob Stan
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