Decline in wave C of the zigzag

10.06.2021

Expectedly, the price rises cautiously. But generally, the situation indicates a possible impulse decline due to the development of wave C. However, for the other two previously considered trading pairs, strengthening of the dollar is expected, and in this case its weakening, which is unlikely. This contradiction raises some doubts, so it is recommended to be extremely careful while trading.

It is recommended to enter sell trades when the current local minimum is updated.

Investment idea: sell 109.15, stop loss 109.30, take profit 106.50.