We are sellers towards 1.0515. | 20 May 2022
20 May 2022, EUR/USD
Wave Analysis:
During the previous trading days,the price rallied from the upper trendline at the corrective wave cycle two towards the lower side at the impulsive wave cycle three,but then rebounded to the upper side in continuation of the corrective wave cycle four.Right now the price is rallying towards the lower side,I expect it to continue upto 1.0515 in continuation of the impulsive wave cycle five.If you are currently looking at this pair right now,pick a sell from 1.0572 towards 1.0515.
Trade Recommendations:
We are sellers towards 1.0515.
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.
