We are short. | 16 June 2022
16 June 2022, EUR/USD
Wave Analysis:
During the previous trading days, the price had rebounded from the impulsive wave cycle three towards the upper side at the corrective wave cycle four. Currently the price is still rallying around the upper trendline, I expect further momentum towards the lower side around 1.0205 or even much lower in continuation of the impulsive wave cycle five. However should the price break above the upper trendline,then1.0505 would be a good place to pick a buy from with the first ideal target at 1.0750.
Trade Recommendations:
We are short.
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.
