The assumption that the price would accelerate in a downward movement has begun to materialize. The cost of the euro, which had been declining in a cascade until this time, dropped sharply. This movement is probably due to the development of wave 3 of the forming downward impulse. The signal for this type of decline was also an earlier formed diagonal as wave 1.
The price is likely to continue moving downwards in the future. For this reason, it is recommended to keep previously opened short positions in operation. It is also possible to consider the possibility of entering additional trades at current market values.
Investment idea: SELL 1.1560, SL 1.1580, TP 1.1450.
Origin: FreshForex
