EURUSD – Impulse decrease in the third wave is expected

19.06.2023

Activity on the part of buyers has decreased. Perhaps this is caused by the completion of the development of wave ii in the incipient downward impulse movement. If it is really so, then from the current values we can see quite a strong and prolonged impulse decrease.

Otherwise, the price will rush even higher and update the current price maximum, which will lead to a revision of the current wave scenario. But we will be able to speak about it after this event happens.

In the meantime, it is advisable to look more carefully into the possibility of selling at the current market prices.

Recommendations: Sell 1.0930, SL 1.0965, TP 1.0400.