We're on the sidelines. | 29 Marzo 2022
29 Marzo 2022, EUR/USD
Wave Analysis
On the Daily chart attached, Euro is currently within a wedge formation. While the price remains within this wedge formation, I expect nothing but a possible rebound from the lower trendline to pick a buy or arebound from the upper trendline to pick a sell. If the price breaks above the upper trendline, then further momentum much higher is expeccted, while if the price breaks below the lower trendline, then a momentum to the lowerside is expected with the next ideal target set around 1.07225.
Trade Recommendations:
We're on the sidelines.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
