EURUSD – Price Takes a Pause and Reduces Volatility

27.09.2022

The decline has paused, but it may be temporary. Although the situation indicates a possible transition to a correction in the form of a simple zigzag or sideways. It is conditioned by the development of wave 4 of v of the downward impulse. The mentioned wave, also appears to be a part of a final diagonal triangle, but that does not mean anything yet.

In general, we probably will not see anything interesting in the near future for the pair in question. The maximum that can happen is a slight rise or an equally insignificant decline. This will not be enough for trading, so it is recommended to stay out of the market and follow the developments.

Recommendations: flat.