Decrease in volatility associated with the development of a flat

10.03.2021

The past trading day turned out as expected. The euro began to rebound and managed to rise slightly. This is not caused by a reversal on just a correction and it is hard to expect anything more. There is a feeling that at the current price levels we will see a short sideways movement followed by the further going down of the price.

Consequently, it is recommended to move all previously opened buy transactions to breakeven for now and prepare for sales. It is worth acting only when the current local minimum is updated, until this moment the price remains in the sideways.

Investment idea: flat.