EURUSD – Decline in the fifth wave of the downtrend is expected

07.11.2022

The price continued to flounder, this time failing to break through the trend line, rebounded and rose rapidly. So far it looks like a corrective wave in the final wave 5 of v. But confirmation is needed in the form of another downward wave. It is likely to be the third wave of momentum forming in wave 5.

The signal to sell will be a breakdown of the trend line marked earlier. In this regard, for the time being it is worthy to remain outside observers and patiently wait for the implementation of the mentioned condition for deals.

Recommendations: Sell 0.9735, SL 0.9755, TP 0.9500.