EURUSD – Small corrective stop before further impulse decrease

22.05.2023

The final trading day ended with buyers attempting to somehow rectify the situation. The price went up a little, but it is more like a correction. Probably, in the near future we will see trading in a certain range, after which the decline will be resumed.

Further development of the downward impulse is expected, to be exact, its third impulse wave. In this regard, it is recommended to open sell trades at the renewal of the current local minimum.

Recommendations: Sell 1.0755, SL 1.0775, TP 1.0500.