We are short. | 15 Julio 2022
15 Julio 2022, EUR/USD
Wave Analysis:
During the previous trading days, the Euro rallied from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four. As at now the price is on the upper trendline, I expect it to bounce back towards the lower trendline around 0.9570 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then 1.0025 would be a good place to look for a buy position with the first ideal target at 1.0420.
Trade Recommendations:
We are short.
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.
