EURUSD – Up
Wave Analysis:
The Euro is currently trading in a contracting wedge formation, previously the price bounced back to the lower trendline at the corrective wave cycle four, and the price is currently rallying around the lower trendline. I expect a bullish momentum towards the upper trendline around 1.0700 in continuation of the impulsive wave cyle five. As long as the price remains above the resistance level (1.0375-1.0361),we are buyers.
Trade Recommendations:
We are buyers.
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