We are sellers towards 1.0805. | 08 Abril 2022
08 Abril 2022, EUR/USD
Wave Analysis:
The Euro is currently trading in a contracting wedge formation.During the previous trading days,the price rallied to the lower trendline in continuation of the impulsive wave cycle three,the price rebonded to the upper trendline again in a corrective wave cycle four.Currently the price is rallying to the lower side, I expect it to continue to upto the lower trendline towards 1.0805 in continuation of the impulsive wave cycle five.
Trade Reccommendations:
We are sellers towards 1.0805.
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.
