EURUSD – Decline within the correction

03.02.2022

The euro managed to climb to the level from which the sellers pushed it earlier. But will it be possible to gain a foothold here again? It seems not. During this upward movement, presumably, the formation of an impulse was completed. Thus, in the near future we expect a corrective decline.

You can open deals for sale already at current market values, the potential for movement is small, so you need to be ready for quick profit taking.

Recommendations: Sales 1.1300, SL 1.1320, TP 1.1250.