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We're on the sidelines.

We're on the sidelines. | 29 March 2022

29 March 2022, EUR/USD

Wave Analysis

On the Daily chart attached, Euro is currently within a wedge formation. While the price remains within this wedge formation, I expect nothing but a possible rebound from the lower trendline to pick a buy or arebound from the upper trendline to pick a sell. If the price breaks above the upper trendline, then further momentum much higher is expeccted, while if the price breaks below the lower trendline, then a momentum to the lowerside is expected with the next ideal target set around 1.07225.
Trade Recommendations:
We're on the sidelines.
Bob Stan
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