A persistent confrontation between sellers and buyers continues, with a slight advantage for the former. The price is slowly sliding downwards without any sharp accelerations. However, the current wave situation indicates that this will happen soon. This is due to the development of wave 3 of the emerging downward impulse.
Moreover, wave 1 formed in the shape of an initial diagonal triangle, which is a signal of a strong movement towards its formation. Therefore, we continue to hold previously opened sell positions and, if possible, it is worth additional selling on the update of the local low.
Investment idea: SELL 1.1660, SL 1.1690, TP 1.1500.
Origin: FreshForex
