Low activity persists

04.09.2021

Over the past trading day, there were no substantial changes in the wave pattern of this trading pair. The price continues to remain within a narrow range without making any attempts to make a continuous directional movement.

Meanwhile, the previously proposed wave scenario remains relevant. Still, a signal for active measures will be going of the price beyond the current range. An impulse decline caused by the development of wave (iii) of 3 is the most probable.

It should be noted that the price will rather remain within the observed sideways trend for now.

Investment idea: flat.