We are buyers. | 06 June 2022
06 June 2022, EUR/USD
Wave Analysis:
Previously the price bounced off from the upper trendline towards the lower side at the corrective wave cycle four. Right now the price is around the lower trendline I expect a rebound towards the upper side around 1.0800 in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then 1.0710 would be a good place to pick a sell from with an ideal target at 1.0650.If you are currently looking at this pair, pick a buy from 1.0725 towards 1.0800.
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.
