EUR/USD: Preparing for Another Bearish Wave. | 18 Juni 2024
18 Juni 2024, EUR/USD
The euro is cautiously rising against the dollar, fitting well within the wave scenario suggesting a correction in the form of a double zigzag. The first part of this complex corrective structure has already formed, and now the final waves are likely being developed.
From the current price levels, an impulsive decline forming wave c of y could begin. However, the euro might resist a bit longer, delaying the decline.
Therefore, it's recommended to wait for a downward movement and the formation of a corrective pullback. Enter sell positions upon the break of the newly formed local minimum.
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.