Buyers are bending under selling pressure, but are not breaking yet. The price is making another attempt to decline, let’s see what happens this time. It is expected that we will still see a good directional movement. This is due to the предполагаемое development of a correction taking the form of a zigzag. The предполагаемое decline will develop as wave C of this corrective pattern.
Moreover, wave C is typically an impulse, so we have every right to expect a strong movement. For this reason, we continue to consider sell trades as having good profit potential.
Investment idea: SELL 1.1700, SL 1.1735, TP 1.1450.
Origin: FreshForex
