Sellers’ pressure is finally starting to pay off. The price rushed down, coming close to the local minimum. During the current trading day, this extremum is expected to be updated, which means that it is recommended to hold the previously opened sell deals.

A decline is expected within the formation of a correctional wave C, either a zigzag or a horizontal triangle. Both of these patterns suggest the beginning of a reversal and good growth in the near future. But that is later. In the meantime, we are watching further developments in anticipation of a further decline.

Investment idea: sell 1.1850, stop loss 1.1875, take profit 1.1770.