We are buyers towards 1.0625 | 06 Mei 2022

06 Mei 2022, EUR/USD

We are buyers towards 1.0625

Wave Analysis:

The Euro has been trading within the lower and the upper trendline,recently the price rallied towards the upper side at the impulsive wave cycle three but then bounced off towards the lower side at the corrective wave cycle four.The price is currently around the lower trendline,I expect a further bullish momentum towards 1.0625 or even much higher in continuation of the impulsive wave cycle five.If you are looking at this pair right now, pick a buy from 1.0529 towards 1.0625.

Trade Recommendations:

We are buyers towards 1.0625

Bob Stan
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