The price is preparing for the resumption of the downward movement

24.06.2021

The situation for the pair under consideration is almost identical to that for EUR/USD. The price also started to rebound and this growth is also, probably, corrective. This means that in the near future we are expecting a resumption of activity from the part of sellers, which will lead the price to return to the previously set minimums.

Consequently, it is recommended to look closer at the possibility of opening sell deals. But before that, the price will rise a little more.

Investment idea: sell 1.3910, stop loss 1.3940, take profit 1.3700.