Further decline is possible within the framework of the zigzag development

24.05.2021

So far, the dollar has failed to cope with the Japanese yen. Consequently, I would like to consider the option in which the dollar will continue to decline. This can happen as part of the development of a correction that takes the form of a zigzag. Further decline in this case will be due to the formation of wave c. Then the movement will be impulsive.

In this case, you should open sell deals when the price goes below 108.30.

Investment idea: sell 108.30, stop loss 108.50, take profit 107.00.