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We are sellers towards 1.0805.

We are sellers towards 1.0805. | 08 April 2022

08 April 2022, EUR/USD

We are sellers towards 1.0805.

Wave Analysis:

The Euro is currently trading in a contracting wedge formation.During the previous trading days,the price rallied to the lower trendline in continuation of the impulsive wave cycle three,the price rebonded to the upper trendline again in a corrective wave cycle four.Currently the price is rallying to the lower side, I expect it to continue to upto the lower trendline towards 1.0805 in continuation of the impulsive wave cycle five.

Trade Reccommendations:

We are sellers towards 1.0805.

Bob Stan
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