Elliott waves analysis – We are buyers.


Wave Analysis:

The Euro has been trading within the upper and the lower trendline for sometime now, recently 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 rallying towards the upper trendline, I expect a rebound towards the upper side around 1.0605 or even higher in continuation of the impulsive wave cycle five. If you are looking at this pair right now pick a buy from 1.0533 towards 10605.

Trade Recommendations:

We are buyers.

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