Wait. | 27 Abril 2022
27 Abril 2022, EUR/USD
Wave Analysis:
The Euro is currently trading in a cotracting wedge formation,the price is on a downtrend.During the previous trading days,the price bounced off from the upper trendline at the corrective wave cycle four towards the lower trendline in continuation of the impulsive wave cycle five.As at now the price is on the lower trendline,I expect it to break below the lower trendline and continue much lower.If you are looking at this pair right now,wait for the price to break below the lower trendline then pick a long term sell position.
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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.
