Русский
Throughout the past trading day, the trading pair exhibited multidirectional movement. Initially, as expected, the rate declined but fell slightly short of the lower boundary of the channel. A rebound ensued, recouping half of the prior decline. In this straightforward way, the formation of Wave 4 in the upward impulsive movement appears to have continued.
It is plausible that the correction wave is complete, and the observed growth represents the inception of Wave 5 in the same upward impulsive movement. However, there is a sense that sellers, dissatisfied with their inability to reach the trendline earlier, will endeavor to do so. This would result in a downward surge toward this target, followed by the commencement of the fifth impulsive wave.
Investment idea: BUY 1.0925, SL 1.0900, TP 1.1050.
Origin: FreshForex
