EURUSD – The Euro will not give up easily

20.02.2023

Price decided to complicate things. Immediately after the update of the local minimum, there was a rebound, rather than a confident directional movement within the development of the assumed wave c of the emerging zigzag. Perhaps it is caused by the complication of the wave b, which suddenly decided to become not a simple zigzag, but a divergent horizontal triangle. Then in the near future we will see an increase to the previously formed local highs, from where the impulse decrease will start within the formation of wave c.

In this regard, we can temporarily become buyers and hold positions up to the level of the previous resistance.

Recommendations: Buy 1.0680, SL 1.0660, TP 1.0780.