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Forex Analysis & Reviews: EUR/USD climbed up. Is it time to buy or to sell?
time 28.11.2022 05:18 PM
time Relevance up to, 29.11.2022 01:50 PM

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EUR/USD, 4-hour (H4) TF

Euro started rising despite not having any support from important news. Technically, the situation looks like the beginning of an upward wave; however, there seems to be no strong upside potential, especially since a new rate hike from the Fed is ahead. High gas, heating and electricity prices in the Euro area is also a problem.

With this situation, it is safer to sell gradually, that is, ramping up selling volumes about every 80 pips. That is likely to prompt a large correction, or at most a downward reversal.

Jozef Kovach,
Analytical expert of InstaForex
© 2007-2023
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