Further decline of the pair is expected

02.03.2021

If for the euro or dollar the situation indicated a possible correctional growth, then for the pair under consideration, an impulse is clearly visible, which lacks the final wave of decline. For this reason, it was assumed and is expected to further decline in the pair.

Only after that the price will begin to grow, and even then this movement will be within the framework of the development of the correction.
Therefore, a slight fall in the pair is expected in the near future, during which the leading downward impulse will be completed.

Investment idea: sell 1.3900, stop loss 1.3920, take profit 1.3850.