Recent bearish moves

22.11.2021

The assumption of a further decline in the euro began to be confirmed. The price has renewed its minimum and clearly intends to continue moving in this direction. Meanwhile, the development of the final wave [5] of (c) of y is assumed, therefore, it is hardly worth waiting for a prolonged movement. Therefore, you should not stay too long in open sell positions, but you can try to open another deal.

The potential for movement is about 50-60 pips, which is quite enough for an intraday trade.

Investment idea: sell 1.1260, stop loss 1.1270, take profit 1.1200.