We are buyers. | 01 July 2022

01 July 2022, EUR/USD

We are buyers.

Wave Analysis:

The Euro is currently trading in a contracting wedge formation, previously the price bounced back to the lower trendline at the corrective wave cycle four, and the price is currently rallying around the lower trendline. I expect a bullish momentum towards the upper trendline around 1.0700 in continuation of the impulsive wave cyle five. As long as the price remains above the resistance level (1.0375-1.0361),we are buyers.

Trade Recommendations:

We are buyers.

Bob Stan
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