EURUSD – The price remains within the forming corrective structure

18.09.2023

The situation remains under bearish control. Although the price tried to grow, but it did not bring significant changes. There is still a possibility for further decline, which will lead to the completion of the descending impulse, which is part of the correctional structure.

After that, impulse growth is expected. At the moment, the level marked on the chart with a horizontal line, passing by the value of 1.0765, is a good level for making buy deals.

In this regard, it is recommended to wait for the movement to this value and buy on the breakdown.

Recommendations: Buy 1.0765, SL 1.0735, TP 1.1300.