We are sellers towards 1.0065. | 11 Julio 2022
11 Julio 2022, EUR/USD
Wave Analysis:
The Euro is currently trading in an expanding wedge formation, the price has been trading within the upper and the lower trendline for a while now. Recently the price rebounded from the lower trendline towards the upper side at the corrective wave cycle four. As at now the price is rallying towards the lower side, I expect it to go up to the lower trendline around 1.0065 in continuation of the impulsive wave cycle five. If you are looking at this pair right now, pick a sell from 1.0150 towards 1.0065.
Trade Recommendations:
We are sellers towards 1.0065.
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.
