The beginning of the development of correction

05.02.2021

During the last trading session, for the pair under consideration, the development of the extension, which was forming in wave (iii), was probably completed. Now the price is preparing for a correctional decline. At least, sellers succeeded to stop the growth of the American currency. The beginning of the decline is expected soon.

Consequently, all previously opened deals to purchase should be closed and look closely at sales.

Investment idea: sell 105.40, stop loss 105.60, take profit 105.00.