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We are sellers towards 1.0045.

We are sellers towards 1.0045. | 08 Tháng sáu 2022

08 Tháng sáu 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.

Bob Stan
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