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We are short.

We are short. | 07 June 2022

07 June 2022, EUR/USD

We are short. Wave Analysis:

The Euro has been trading within the upper and the lower trendline for a while now, recently the price rebounded from the lower trendline at the impulsive wave cycle three, towards the upper side at the corrective wave cycle four. Right now the price is rallying around the upper trendline I expect a bullish rally towards 1.0625 in continuation of the impulsive wave cycle five. If you are currently looking at this pair pick a sell from 1.0679 towards 1.0625 or even much lower.

Trade Recommendations:

We are short.

Bob Stan
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