We are on the sidelines. | 13 April 2022

13 April 2022, EUR/USD

We are on the sidelines.

Wave Analysis:

The Euro has been rallying to the lower side for quite sometime now,recently the price rebounded from the upper trendline towards the lower side in continuation of the impulsive wave cycle five,and its currently rallying around the lower side.I expect the price to break below the lower trendline and continue short.If you are looking at the this pair now,wait for the price to break either below the lower trendline or above the the upper trendline then pick a buy or a sell according to the direction of the price.

Trade Reccommendations:

We are on the sidelines.

Bob Stan
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