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We are sellers towards 1.0170.

We are sellers towards 1.0170. | 26 May 2022

26 May 2022, EUR/USD

We are sellers towards 1.0170.

Wave Analysis:

This pair has been rallying towards the lower trendline in a downtrend.Recently the price rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four.As at now, the price is on the upper trendline ,I expect momentum towards the lower trendline around 1.0170 or even much lower in continuation of the impulsive wave cycle five.If you are looking at this pair right now,pick a sell from 1.0679 towards 1.0170.

Trade Recommendations:

We are sellers towards 1.0170.

Bob Stan
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