We're expecting further bullish rally towards 38.2% fib level. | 07 November 2022

07 November 2022, EUR/USD

We're expecting further bullish rally towards 38.2% fib level.

Wave Analysis

During the previous trading day, Euro rallied to the upperside and is still showing signs of continuing to the upperside, while the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave (c) and may likely continue to the upperside towards 38.2% fib level or even higher.

Trade Recommendations:

We're expecting further bullish rally towards 38.2% fib level.

Bob Stan
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