At the moment, we are witnessing a global trend change and against the backdrop of political factors, the US dollar is strengthening.
The pair has found a new level of resistance and took a breather. A powerful downward impulse observed on the daily chart, suspended its movement this week. On the 4-hour chart, we observe that the downward wave was worked out and the price is correcting. On the higher chart there is a high probability of correction for the pair, although technical indicators still indicate a sale.
We advise you to look for points to enter short positions after confirming the completion of the corrective movement.
The pair has found a new level of resistance and took a breather. A powerful downward impulse observed on the daily chart, suspended its movement this week. On the 4-hour chart, we observe that the downward wave was worked out and the price is correcting. On the higher chart there is a high probability of correction for the pair, although technical indicators still indicate a sale.
We advise you to look for points to enter short positions after confirming the completion of the corrective movement.