EURUSD – The development of the triple triple continues, but the reversal is near

28.08.2023

The development of the correctional structure, which is part of the supposed triple triple triple, continues. The price remains under soft pressure, periodically trying to grow, but without success. Thus, presumably, the final part of wave (b) is being formed.

In the course of today, further decline is possible, which then will be replaced by the beginning of growth.

In this situation, it is necessary to wait for the moment when the reversal occurs and look for buying opportunities. The most favorable variant in this plan will be the reversal and the subsequent pullback where it will be possible to try to buy.

Until then, it is recommended to stay out of the market, remaining an outside observer.

Recommendations: flat.