The euro failed to take advantage of the opportunity to strengthen. Instead, under pressure from the dollar, it rapidly declined. This was likely due to the fact that wave Y in the forming double zigzag was not completed.
Now the price is again attempting to rise, and this time buyers may fare much better than the day before. It may well turn out that the corrective decline is indeed complete, and the price will begin an upward movement with a clear conscience.
Considering the risk-to-reward ratio, buy trades at current market values look quite attractive, so it’s recommended to consider opening corresponding positions again.
Investment idea: BUY 1.1570, SL 1.1540, TP 1.1645.
Origin: FreshForex
