EURUSD – The Euro remains under pressure

21.11.2022

As it was supposed, there were no significant changes during the final day of the last trading week. The price remains on the previously reached values, being under the pressure of sellers. Ultimately, this is likely to lead to a decrease in the rate and the formation of a corrective model.

Thus, wave 2 of the lengthening wave iii will be formed. Concluding sell trades in this regard, looks quite a justified decision. But it is not advisable to keep the trades for a long time.

Recommendations: Sell 1.0305, SL 1.0325, TP 1.0200.