Expectations about decrease remain unchanged

26.07.2021

Buyers were able to climb back to the previously broken resistance level. But will you be able to resist? The question remains open. So far, the situation may develop in such a way that in the near future we will see a strong impulse decline.

This is due to the possible formation of the wave y of [y] of the double zigzag. In this case it is recommended to enter into sell deals on the breakdown of the local minimum passing at the value of 1.3715.

Investment idea: sell 1.3715, stop loss 1.3740, take profit 1.3475.