The euro did not want to give up its positions without a fight. As a result, buyers made a desperate attempt to regain the initiative, but the element of surprise did not last long. The sharp rise was immediately followed by a decline, which, however, took much more time. Nevertheless, the price returned to the previously established low.
Currently, these price swings are being viewed as corrective wave 2 in an emerging downward impulse.
If this is indeed the case, after a slight pullback upwards, a decisive decline will occur, during which wave 3 will be formed. In this regard, it is recommended to wait for a breakout of the local low in order to start active market sales.
Investment idea: SELL 1.1555, SL 1.1580, TP 1.1400.
Origin: FreshForex
