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The decline in this pair has significantly accelerated. Such a steep fall is usually followed by a sharp reversal and a substantial rebound. The current wave situation lends itself to this outcome.
The fact is that right now, the development of Wave 5 of [v] of the downward impulse is likely nearing completion. This impulse has been forming for nearly six months, indicating the imminent development of a prolonged correction or an even stronger impulsive movement but in the opposite direction.
Whatever the case may be, sentiment will gradually shift from negative to positive, and one should be prepared for this.
Already now, one can consider the possibility of concluding buy transactions at the current market values.
Investment idea: Buy 1.2210, Stop Loss 1.2170, Take Profit 1.2500.
Origin: FreshForex
