We are on the sidelines. | 20 Abril 2022
20 Abril 2022, EUR/USD
The Euro is currently trading in a contracting wedge formation, in a downtrend. The price recently rebounded from the upper trendline at the corrective wave count four to the lower side in continuation of the impulsive wave count five. Right now the price is rallying towards the upper trendline, if you are looking at this chart now, wait for clear break below the lower trendline or break above the upper trendline to pick a clear buy or sell positions according to the direction of the price.
Trade Recommendations:
We are 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.
