We are buyers towards 1.0450. | 22 Juli 2022
22 Juli 2022, EUR/USD
Wave Analysis:
The Euro bounced off from the impulsive wave cycle three towards the lower trendline at the corrective wave cycle four. Right now the price is on the lower trendline, I expect a rebound towards the upper trendline around 1.0450 in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then 1.0165 would be a good place to pick a sell from with the first ideal target at 1.0005.But as of now we are buyers from 1.0181 towards 1.0450.
Trade Recommendations:
We are buyers towards 1.0450.
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.
