EURUSD – Growth in correction is expected

15.08.2022

The buyers have not been able to develop their success so far. The price went down again and returned to the range of the previously formed sidewall. From here the price may try to rise again. But all this is within the correction, probably being the wave [iv] of the downtrend.

Thus, the trend remains bearish, so if to buy with the purpose of making profit on a small corrective movement, it is recommended to fix the profit at the first opportunity.

Recommendations: Buy 1.0245, SL 1.0220, TP 1.0400.