We are sellers towards 10120. | 16 Mei 2022
16 Mei 2022, EUR/USD
Wave Analysis:
The Euro has been trading within the upper and the lower trendline for quite sometime now, recently the price rallied from the lower trendline at the impulsive wave cycle three towards the upper side at the corrective wave cycle four,currently the price is rallying towards the lower trendline in continuation of the impulsive wave cycle five. I expect a further bearish momentum from 1.0400 towards 1.0120.The bears are in control.
Trade Recommendations:
We are sellers towards 1.0120.
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.
