Reversal for correction is ripe

03.03.2021

The dollar reached the resistance zone, from where they tried to throw it out. The trying is unsuccessful, since, having barely decreased, the rate quickly won back most of it. Probably, in the near future we will have another update of the local maximum and only after that a corrective pullback will begin.

Therefore, it is recommended to wait for the completion of the upward movement and start selling. Until then, it is worth staying outside the market.

Investment idea: sell 107.20, stop loss 107.40, take profit 106.50.