Buyers apparently decided not to hurry and spend their strength to save them for the new trading week. The final day was devoted to preparing the situation for a possible growth.
It is worth remembering that, given the current situation, a price increase is expected, which will be of a corrective nature. This is because the formation of a downward impulse has recently been completed.
Thus, if the price does rise, it is unlikely to expect a movement to the highs, the maximum that can be counted on is 61.8% using Fibonacci retracement from the impulsive decline that occurred.
At the same time, buy deals can be opened already at current market values, setting a protective stop loss at the formed minimum.
Investment idea: buy 1.0940, stop loss 1.0900, take profit 1.1040.
Origin: FreshForex
