We are buyers. | 02 March 2022
02 March 2022, EUR/USD
Wave Analysis;
The Euro is currently on a downtrend, the price is moving within a contracting wedge formation. From where the price is currently, we expect a rebound to the upper side in a move to correct the current impulsive wave cycle three. Once the price hits the the upper trendline we expect it to bounce off to the lower trendline in completion of the impulsive wave cycle five. As of now pick short term buy positions from 1.1115 towards 1.1190.
Trade Recommendations:
We are buyers.
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.
