We are long. | 22 June 2022

22 June 2022, EUR/USD

We are long.

Wave Analysis:

The Euro is currently trading in a contracting wedge formation, the price is currently on an up trend. Recently the price bounced off from the impulsive wave cycle three towards the lower side at the corrective wave cycle four. As at now, the price is on the lower trendline I expect a rebound towards the upper side around 1.0575 in continuation of the impulsive wave cycle five. On the flipside should the price break below the lower trendline, then 1.0495 would be a good place to pick a sell from.

Trade Recommendations:

We are long.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus