We are short. | 16 June 2022

16 June 2022, EUR/USD

We are short.

Wave Analysis:

During the previous trading days, the price had rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. Currently the price is still rallying around the upper trendline, I expect further momentum towards the lower side around 1.0205 or even much lower in continuation of the impulsive wave cycle five. However should the price break above the upper trendline,then1.0505 would be a good place to pick a buy from with the first ideal target at 1.0750.

Trade Recommendations:

We are short.

Bob Stan
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