Buyers will try to push the price out of the narrowing range

02.02.2021

The pair under consideration continues to keep in suspense moving along a fading amplitude, which will lead to a surge in the activity of one of the opposing sides soon. It is still expected that the price will increase within the development of wave [v] of v.

Thus, it is recommended to prepare for purchases above 1.3765. Since the movement proceeds without false breakouts, it is not worth waiting for consolidation outside the indicated narrowing range.

Investment idea: buy 1.3765, stop loss 1.3740, take profit 1.3850.