Русский
An interesting wave pattern is starting to take shape in this currency pair. As previously expected, the price is currently developing corrective wave 4 of an upward impulse. During the last trading day, no significant decline occurred, and now we are seeing an attempt to recover. This type of movement may lead to the formation of a contracting horizontal triangle, which is an ideal structure for a fourth wave. If this is the case, we can expect price fluctuations within a gradually narrowing range, followed by an impulsive rally that updates the high of wave 3. In this situation, it makes sense to try capturing price movements within the remaining waves d and e. Investment idea: BUY 1.0910, SL 1.0895, TP 1.1050.
Origin: FreshForex
