Another attempt of the price to rise

07.06.2021

The end of the last trading week turned out to be quite interesting. The dollar, which groped for its opponent’s approach, received a slap in the face again. But this sharp jump in price may be a temporary outburst of emotions, which means that in the end the exchange rate may not only return back, but also fall even lower.

However, the formed zigzag gives preference to the bullish scenario or the complication of the corrective structure. Meanwhile, it is recommended to buy only when the local maximum set by the Friday surge in buyers’ activity is updated.

Investment idea: buy 1.2190, stop loss 1.2165, take profit 1.2270.