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We are sellers towards 1.0065.

We are sellers towards 1.0065. | 11 July 2022

11 July 2022, EUR/USD

We are sellers towards 1.0065.

Wave Analysis:

The Euro is currently trading in an expanding wedge formation, the price has been trading within the upper and the lower trendline for a while now. Recently the price rebounded from the lower trendline towards the upper side at the corrective wave cycle four. As at now the price is rallying towards the lower side, I expect it to go up to the lower trendline around 1.0065 in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a sell from 1.0150 towards 1.0065.

Trade Recommendations:

We are sellers towards 1.0065.

Bob Stan
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