The impulse growth of the pair is expected to resume

08.09.2021

The correctional decline happened a little bit earlier than expected. But this does not negate the fact that the price will try again to update the local price maximum, thereby completing the formation of the impulse, which is a wave [1].

The estimated growth may begin already during the current trading session, so we should be ready for buying. But it is also not worth entering directly with the current market prices. It is recommended to wait for an upward impulse movement and only after that look for opportunities for making deals.

Investment idea: buy 1.1850, stop loss 1.1820, take profit 1.1950.