EURUSD – Another bearish scenario

13.03.2023

Friday trading day turned out to be quite positive for the euro. The value of the single European currency against the dollar grew quite well and reached a previously set local maximum. So far, it failed to break above it. Perhaps this movement is a part of the correction and it is aimed to complete the development of the x wave in the emerging double zigzag.

Then the price will also vigorously start descending again and update the current low. Then we have a good point to enter the sell trade.

Recommendations: Sell 1.0640, SL 1.0660, TP 1.0450.