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We are sellers.

We are sellers. | 09 June 2022

09 June 2022, EUR/USD

Wave Analysis:

The Euro has been rallying within the upper and the lower trendline, during the previous trading days, the price rallied from the corrective wave cycle two towards the lower side at the impulsive wave cycle three but later rebounded to the upper trendline at the corrective wave cycle four. Right now the price is around the upper trendline, I expect a bearish momentum towards 1.0620 in continuation of the impulsive wave cycle five. Unless the price breaks above the upper trendline, we remain short from 1.0726 towards 1.0620.

Trade Recommendations:

We are sellers.

Bob Stan
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