We are sellers towards 1.0045. | 08 June 2022

08 June 2022, EUR/USD

Wave Analysis:

This pair has been rallying within the upper and the lower trendline for quite sometime now, right now the price is at the corrective wave cycle four on the upper trendline. I expect it to bounce off to the lower trendline around 1.0045 in continuation of the impulsive wave cycle five. However, should the price break above the upper trendline, then I expect a bullish momentum but as of now we are sellers from 1.0683 towards 1.0045 the bears are in control.

Trade Recommendations:

We are sellers towards 1.0045.


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.
Bob Stan
Close
Login