EURUSD – Euro still decided to grow

01.02.2022

The couple in question decided to present another surprise. Instead of the expected continuation of the impulse decline, there was a good increase, more like a reversal than a correction. Possibly, in the formed descending impulse the shortest role is assigned to the wave [5] of (c), while the wave [1] was extended and became the longest.

To confirm the intentions of the price to continue growing, it is necessary to wait until the price climbs the previously broken trend line.

Thus, it is not recommended to open any deals on the pair in question.

Solutions: flat.