We are on the sidelines.

17 5月 2022, EUR/USD

Wave Analysis:

This pair has been trading within the upper and the lower trendline, during the previous trading days, the price bounced off from the lower trendline at the corrective wave cycle four towards the upper side at the impulsive wave cycle five. As at now, the price is on the upper trendline I expect a break above it and a further bullish momentum. However, should the price rebound towards the lower side, I expect it to go up to 1.0390.If you are looking at this pair right now, wait for a clear price move to pick a buy or a sell.

Trade Recommendation;

We are on the sidelines.

Graham Osano
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