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We are buyers towards 1.1265.

We are buyers towards 1.1265. | 04 Abril 2022

04 Abril 2022, EUR/USD

Wave Analysis:

The Euro is currently trading in an expanding wedge formation, during the previous trading days the price bounced off from the upper trendline to the lower trendline in continuation of the corrective wave cycle four.As at now, the price has been rallying along the lower trendline, I expect a rebound to the upper side towards 1.1265 or even much higher in continuation of the impulsive wave cycle five, the buyers are in control.

Trade Recommendations:

We are buyers towards 1.1265.

Bob Stan
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