22 Juli 2021, EUR/USD
Wave Analysis
During the previous trading day, Euro continued to the upperside but has just bounced off from the upper trendline, we expect this bounce to have marked an end to the forth corrective wave cycle that the current bearish price rally is the continuation of the last impulsive wave cycle and should see the price rally towards the lower trendline and may breakout below it. This view can only be invalidated in case the price breaks above the trendline, if this is the case, then further momentum to the upper trendline.
Trade Recommendations:
We're sellers towards 1.17560
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