We are sellers towards 1.0355 | 03 May 2022

03 May 2022, EUR/USD

We are sellers towards 1.0355

Wave Analysis:

The Euro is currently trading in a contracting wegde formation on a downtrend.Previously the price rallied towards the lower side at the impulsive wave cycle three but ended up rebounding towards the upper side in continuation of the corrective wave cycle four.Right now the price is rallying around the upper trendline,I expect it to bounce back to the lower trendline around 1.0355 or even much lower in continuation of the impulsive wave cycle five.However,should the price break above the upper trendline,then 1.0535 would be a good place to pick a buy position from with your first take profit at 1.0760.

Trade Recommendations:

We are sellers towards 1.0355

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.
manager photo manager photo
Online-support
Nos complacerá contestar cualquier pregunta que pueda tener

Escribir

Get bonus