The movement has become more complex, but the overall market picture continues to align with our expectations. After a considerable upward momentum, there was a swift decline.
Our trading strategy signals and confirms of the downward impulse completion, suggesting a possible, albeit relatively deep (we do not exclude a rise even up to 0.6000), short-term correction, followed by a new downward impulse with a retest of the October 4th low at 0.58708. The ultimate target is the retest of the September 5th low at 0.5859.
Trading recommendations: Open sell positions during the upward correction of the currency pair. The range of 0.5960-0.5985 appears interesting for selling opportunities.