We are buyers. | 06 Juni 2022

06 Juni 2022, EUR/USD

We are buyers.

Wave Analysis:

Previously the price bounced off from the upper trendline towards the lower side at the corrective wave cycle four. Right now the price is around the lower trendline I expect a rebound towards the upper side around 1.0800 in continuation of the impulsive wave cycle five. On the flipside, should the price break below the lower trendline, then 1.0710 would be a good place to pick a sell from with an ideal target at 1.0650.If you are currently looking at this pair, pick a buy from 1.0725 towards 1.0800.

Trade Recommendations:

We are buyers.

Bob Stan
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