Corrective decline is expected to start

09.03.2021

The protracted upward movement for the pair under consideration is still continuing. It should be remembered that each update of the local maximum inevitably brings the moment for a correctional decline closer. And the higher the price rises, the stronger or longer this correction will be.

It is also highly probable that the decline will begin during the current trading session. Consequently, it is recommended to look closer at the possibility of opening sell deals.

Investment idea: sell 109.00, stop loss 109.20, take profit 108.40.