The pair’s decline expectations persist

19.08.2021

The price went to the extreme again, deciding to rise rapidly. Meanwhile, it was assumed that we will see a slight corrective pullback, after which the decline will resume. Perhaps it will ultimately be like this, but for now, the price is confidently looking up and clearly does not intend to decline.

Consequently, it is not recommended to rush to making trading decisions yet. Inasmuch as the decline is generally expected, it is worth waiting for a downward movement, and selling when the price fixes below 109.70.

Investment idea: sell 109.70, stop loss 109.90, take profit 107.00.