Price correction

20.01.2021

The reluctance of the euro to decline prompts the idea that the first wave of the lead-in has already been formed. Then the observed growth is a correction, as well as a wave [2]. This assumption will be confirmed by the well-identifiable development of the corrective pattern. Probably it will be a zigzag.

As a result, there is no need to rush to open new deals. It is recommended to wait for the confirmation of the proposed scenario and only then look for opportunities to enter trades.