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We are buyers. | 05 April 2022

05 April 2022, EUR/USD

Wave Analysis;

The Euro has been trading within the upper and the lower trendline,during the previous trading days, the price bounced off from the upper trendline and rallied to the lower side in continuation of the impulsive wave cycle five.As at now, the price is on the lower trendline, I expect a rebound to the upper side towards 1.1185.However, should the price break below the lower trendline clearly, then 1.0945 would be a good place to pick sell positions from.

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We are buyers.

Bob Stan
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