The beginning of the development of the third impulse wave

03.08.2021

If the situation for the euro and the pound during the last trading day did not develop very interestingly, there was something to see for the pair under consideration. The price has come close to the minimum, the breakout of which opens up excellent opportunities for a prolonged directional movement.

An impulse decline is expected within the development of wave (iii) of a downward impulse. It is worth paying close attention to this, and it is better to participate in this possible impulse movement.

Investment idea: sell 109.00, stop loss 109.25, take profit 106.50.