EUR/USD. Price is in a sideways range before the final downward push.
EUR/USD. Price is in a sideways range before the final downward push. | 18 November 2024
18 November 2024, EUR/USD
The situation for this pair continues to develop within the main wave scenario. According to this scenario, a downward impulse is forming, which is part of a simple zigzag. At the moment, wave 4, which is a correction, is forming. This means that if this is indeed the case, we will see another downward wave in the future to complete this bearish impulse structure.
Before that, the value of the euro against the dollar will remain in its current equilibrium state, in other words, the development of correction wave 4 will continue. The expected movement pattern is shown on the provided chart.
Thus, it is not recommended to make any trading decisions in the current situation.
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.