The pair’s decline expectations persist

15.04.2021

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For the pair under consideration, the situation is developing in a calm direction. There are no sharp jumps, volatility is at minimum values. Meanwhile, the previously proposed option with the development of a double zigzag continues to remain relevant. To complete the formation of this pattern, it is necessary to develop its second part, the second zigzag.

By updating the current minimum values, the development of wave [a] and, along with it, the entire remaining wave structure will begin. While the price remains within the correctional framework, it is not recommended to open any deals.

Investment idea: sell 1.3690, stop loss 1.3720, take profit 1.3590.