Русский
We did not see a continuation of the upward impulsive movement, as was expected. From the beginning of the week’s trading, the price began to slide down, likely forming an internal correction in Wave 3.
In the near future, the pair will likely continue its aimless wandering, forming a corrective structure, after which the impulsive growth will resume. It is also impossible to rule out the scenario where the price gets stuck in this sideways movement and trades within a certain range for an extended period of time.
In connection with this, it is recommended to take trading actions only when the previously established local high, passing through the value of 1.0515, is updated.
Until then, it is advisable to observe the development of events from the sidelines.
Investment idea: Flat.
Origin: FreshForex
