It is assumed that the EURUSD exchange rate from the ATR axis is down to correction level of 1,16407. We expected that within a few days the exchange rate will reach our primary target price of 1,14557. If our redline support is violated by the exchange rate then we closed our short position.
Comment
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The EURUSD exchange rate reached the correction level of 1,16407. Therefore we are waiting for the next correction wave. The 1,14557 target price remains unchanged.