The beginning of the correctional decline

29.03.2021

For the pair under consideration, everything turned out as expected. The dollar rate renewed its maximum, probably completing the development of the upward impulse. Immediately after that, a decline began, which, most likely, is the beginning of a prolonged correction.

Already at the current values, you can start selling by setting a protective stop loss for the maximum of the formed impulse.

Investment idea: sell 109.40, stop loss 109.60, take profit 108.00.