EURUSD – Decline in the correction is likely to continue

13.02.2023

The previously proposed scenario with the development of impulse decrease is still confirmed. The price has updated the local minimum and, probably, is not going to stop on the achieved. All this is due to the formation of the correction, which presumably will take the form of a zigzag or plane.

If so, the first wave will take the impulse form if it is a zigzag and a zigzag if it is a plane. Anyway, the decrease is very likely to continue, and the model chosen by the market will only affect its duration.

Thus, conclusion of sell trades preserves a good prospect for profit.

Recommendations: Sell 1.0655, SL 1.0680, TP 1.0520.