EURUSD – Stock is gradually depleting

27.02.2023

The scenario with the development of the final part of the zigzag is still being implemented. At this point, we are probably watching the development of the third impulse wave, which is part of wave c. If this is true, then in the future we will see approximately the trajectory of the movement, which is schematically marked on the above chart.

It turns out that the decline, with a high degree of probability will continue, then will form a corrective rollback and the final decline, with a possible update of the minimum of the current year.

In this regard it is recommended to keep earlier open transactions on sale, thus protective stop loss should be moved closer to the current market value. It is not perspective to open new positions yet.

Recommendations: flat.