21 Juli 2022, EUR/USD
Trade Recommendations:
During the previous forecast we had anticipated a bearish momentum towards the lower trendline in continuation of the impulsive wave cycle five, but the price is still rallying around the upper trendline. I still expect it to bounce back to the lower side, However, should the price break above the upper trendline clearly, then we would automatically become buyers with the first take profit at 1.0650.But as long as the price remains below the upper trendline, we remain sellers.
Trade Recommendations:
We are sellers.