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We are short.

We are short. | 20 June 2022

20 June 2022, EUR/USD

We are short.

Wave Analysis:

The Euro is currently trading in an expanding wedge formation, the price has been trading within the upper and lower trendline for a while now. Recently the price rallied from the impulsive wave cycle three towards the upper trendline at the corrective wave cycle four. As at now the price is rallying around the upper trendline, I expect it to bounce back to the lower trendline around 1.0070 from 1.0526 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then we automatically become buyers but as of now we are sellers.

Trade Recommendations;

We are short.

Bob Stan
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