EURUSD – Decline expected in final impulse wave

25.07.2022

The price has not yet decided on the next directional movement. In this case, a decline is assumed due to the completion of the development of the impulse, which is part of wave iii of the downward impulse.

It is possible that during the trading week that has begun, the price will still go down and renew the current low and at the same time complete the formation of wave iii. After that, corrective growth is expected, due to the development of wave iv.

Thus, the situation remains unchanged for now with a high probability of decline.

Recommendations: Sell 1.0190, SL 1.0215, TP 0.9900.