Reversal expectations persist

30.03.2021

The development of the supposed wave v was not limited to a small update of the maximum. The dollar managed to withstand the started sales and resume its ascent. However, all the same, continued growth is not expected. Probably, the matter will be limited to another short wave of purchases, after which a reversal will occur and the price will go into correction. Zone 110.00 – 110.50, I think, will become irresistible for buyers.

Accordingly, it is worth waiting for the moment when the price starts to reverse and look for opportunities to open sell trades.

Investment idea: sell 110.20, stop loss 110.60, take profit 108.00.