EURUSD – The dollar moves to decisive action

15.05.2023

The market is starting to come back to life. The last trading week finished with two days of directional movement. Exit from the channel, inside which, presumably, the final diagonal triangle was formed, gave sellers confidence. Now we can see further development of the downward movement. While the development of a major correction is expected, which means that the minimum established by the minimum of the supposed wave iv will be broken.
This is the first most clear target for the movement. In this regard, it is recommended to continue to keep the sell trades in operation and, if possible, to conclude new ones.

Recommendations: Sell 1.0850, SL 1.0875, TP 1.0500.