Development of the diagonal is coming to an end

15.06.2021

There were no substantial changes during the last trading day for the pair under consideration. The euro strengthened slightly, having done this rather as part of the correction than the beginning of the next upward wave, so in the future we can count on the continuation of the decline, during which the formation of the whole diagonal triangle will be completed.

However, it is not recommended to open new sell trades, inasmuch as the power reserve looks insubstantial. Let me remind you that the target of the decline is the lower generatrix of the diagonal, from which an upward rebound is expected.

Investment idea: flat.