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We are short.

We are short. | 15 June 2022

15 June 2022, EUR/USD

Wave Analysis:

The Euro is currently on a downtrend, the price has been rallying within the upper and the lower trendline for sometime now. Right now the price is on the upper trendline at the corrective wave cycle four, I expect a bearish momentum towards 1.0225 in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a sell from 1.0427 towards 1.0225.Unless the price breaks above the upper trendline then we will be buyers.

Trade Recommendations:

We are short.

Bob Stan
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