We are on the sidelines. | 31 May 2022
31 May 2022, EUR/USD
Wave Analysis:
The Euro has been trading within the upper and the lower trendline for sometime now, recently the price rebounded from the corrective wave cycle four towards the upper trendline at the impulsive wave cycle five. As at now, the price is rallying towards the the lower trendline, I expect a rebound towards the upper side and a further bullish momentum in continuation of the up trend. If you are currently looking at this pair, wait for a clear break below or above the lower or the upper trendline then pick a buy or a sell.
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.
