The initiative passed into the hands of sellers

17.06.2021

Expectations of another bearish wave development have finally come true. The euro depreciated against the dollar. The price exceeded the plan by going beyond the supposed diagonal triangle. According to the proposed scenario, the next wave of growth follows due to the formation of the second wave of the zigzag. However, sellers who have gotten the taste are unlikely to just want to give the initiative into the hands of their opponents, so there is no need to rush into buying deals yet.

In this situation, it is recommended to wait for a more favorable moment.

Investment idea: flat.