The decline in the downside impulse continues

15.03.2021

The final day of the last trading week did not clarify the situation in any way, leaving everything for later. Eventually, some confusion in the choice of the main scenario remains. But this does not prevent you from choosing the scenario presented in the above screenshot as the most probable one.

Here it is assumed that the pair will decline further due to the development of the final wave [5]. But since the correction appears to be a double zigzag, the decline will probably continue further, but after some correction.

Investment idea: sell 1.1940, stop loss 1.1990, take profit 1.1830.