Continuation of development of the downward impulse

28.07.2021

The dollar is starting to sink under selling pressure. This is probably the beginning of the development of wave (iii) of the downward impulse. For greater confidence, you need to wait for the update of local minimums there and open additional deals for sale.

Potentially, the downward movement looks quite promising, the main thing is that sellers continue to press with the same or even slightly more force, and then the impulse will form as it should.

Investment idea: sell 109.05, stop loss 109.30, take profit 106.50.