Русский
The euro, caught up in its momentum, shows no intention of giving up easily. Throughout the past trading day, intense battle raged between buyers and sellers. Ultimately, neither side emerged victorious, leaving the price lingering near the previously established high. However, with the arrival of a new day, sales are likely to increase again, and this time, buyers may struggle to hold their ground.
A corrective decline is overdue, so a downward movement is expected in the near future, roughly following the scheme illustrated in the chart. This retracement offers an opportunity to secure a certain profit, which looks potentially interesting.
Thus, it is recommended to consider the possibility of entering sell trades.
Investment idea: SELL 1.0885, SL 1.0920, TP 1.0750.
Origin: FreshForex
