Selling pressure has expectedly intensified, and buyers were no longer able to counter it. As a result, the price declined and renewed the local low. Currently, the market is attempting to consolidate at new price...

The hesitant price increase has continued. Such movement is often a correction. Based on the considered scenario, this is likely the case. The observed upward move is forming as wave b within a zigzag. Thus,...

The confident rise of the euro against the dollar at the end of last week was followed by a sharp decline, which may serve as a warning signal for buyers. At the moment, this movement...

The euro failed to take advantage of the opportunity to start strengthening. Instead, unable to withstand pressure from the dollar, it declined sharply. This was likely due to the fact that wave y in the...

The situation in the analyzed currency pair continues to develop according to the previously considered scenario. According to it, the market is currently presumed to be forming a zigzag that is part of wave x,...