We are buyers towards 1.1405. | 17 February 2022

17 February 2022, EUR/USD

We are buyers towards 1.1405.

Wave Analysis:

The Euro is on a corrective wave cycle four,the price is currently on the lower trendline,we expect a rebound towards the upper side around 1.1405 in line with the current up trend which is in continuation of the impulsive wave cycle five.Unless the price breaks and closes below the lower trendline, we are buyers for now.

Trade Recommendations:

We are buyers towards 1.1405.

Bob Stan
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