07-12-2022
The Euro price continues to attempt to perform a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 down formation continues at the lower degrees.
If the current assumption is supported, fixing the price below the confirming level may increase the pressure on the pair’s value.
06-12-2022
The Euro price is trying to perform a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 down formation has begun at the lower degrees.
If the current assumption is supported, fixing the price below the confirming level may increase the pressure on the pair’s value.
29-11-2022
The Euro price has updated the local maximum, thereby fulfilling the minimum conditions for the completion of growth, but considering the internal structure of the last upward movement, there is still a possibility that the expected decline will begin after the formation of at least one more new maximum.
If the current assumption is that the final part on the lower degrees can take the form of a diagonal, then this fact will be a good basis for performing a downward price reversal.
24-11-2022
The Euro price confidently resumed its upward movement, and this fact increased fears of the formation of a new local maximum. It is likely that an update of the maximum cannot be avoided, and it is likely that the formation of a new maximum will mark the end of the corrective wave of growth.
If the current assumption is supported, then the formation of a new maximum and the formation of the first pattern in the form of a 5-3 formation down will be a good basis for performing a price reversal down.
23-11-2022
The Euro price has performed a local upward movement and, unfortunately, this fact retains a great potential for updating the maximum.
However, it is still not necessary to exclude the possibility that the development of the impulse part of the first pattern continues in the form of a 5-3 formation downwards, as part of which the development of a series of the first 1-2 1-2 waves downwards is completed.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend.
Also, it is still worth understanding that the dynamics and height of the entire current growth is already very alarming, since the continuation of price growth may lead to a transition to an alternative option indicated on the charts of higher degrees, but due to the lack of a confident impulse structure in growth, while this option still remains an alternative.
22-11-2022
The Euro price has confidently resumed its downward movement, and it is possible that the development of the impulse part of the first pattern in the form of a 5-3 down formation has begun.
If the current assumption is supported, then fixing the price below the confirming level may continue to put pressure on the pair’s value as part of the downward trend.
Also, it is still worth understanding that the dynamics and height of the entire current growth is already very alarming, since the continuation of price growth may lead to a transition to an alternative option indicated on the charts of higher degrees, but due to the lack of a confident impulse structure in growth, while this option still remains an alternative.
21-11-2022
The Euro price continues to attempt to perform a downward reversal, and it is still possible that the development of the first pattern in the form of a 5-3 formation down is being completed or has already been completed at the lower degrees.
If the current assumption is supported, the price fixing below the confirming level may resume pressure on the pair’s value as part of the downward trend development.
Also, it is still worth understanding that the dynamics and height of the entire current growth is already very alarming, since the continuation of price growth may lead to a transition to an alternative option indicated on the charts of higher degrees, but due to the lack of a confident impulse structure in growth, while this option still remains an alternative.
17-11-2022
The Euro price continues to remain in the area of the reached levels, and it is still possible that the development of the first pattern in the form of a 5-3 down formation is being completed or has already been completed at the junior degrees.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend.
Also, it is still worth understanding that the dynamics and height of the entire current growth is already very alarming, since the continuation of price growth may lead to a transition to an alternative option indicated on the charts of higher degrees, but due to the lack of a confident impulse structure in growth, this option still remains an alternative.
16-11-2022
The Euro price performed a confident upward movement, almost immediately performed a downward reversal, and it is possible that the development of the first pattern in the form of a 5-3 downward formation began at the junior degrees.
If the current assumption is supported, then fixing the price below the confirming level may resume pressure on the pair’s value as part of the downward trend.
Also, it is still worth understanding that the dynamics and height of the entire current growth is already very alarming, since the continuation of price growth may lead to a transition to an alternative option indicated on the charts of higher degrees, but due to the lack of a confident impulse structure in growth, while this option still remains an alternative.
15-11-2022
The Euro price could not continue its downward movement, forming a fairly confident new maximum, and it is possible that the medium-term correction under consideration is already at the stage of its completion.
If the current assumption is supported, the formation of the first pattern in the form of a 5-3 down formation may become the basis for the resumption of a large down trend.
Also, it is still worth understanding that the dynamics and height of the entire current growth is already very alarming, since the continuation of price growth may lead to a transition to an alternative option indicated on the charts of higher degrees, but due to the lack of a confident impulse structure in growth, while this option still remains an alternative.
10-11-2022
The Euro price is trying to perform a downward reversal, and although there is still a possibility of updating the local maximum, it is still possible that the development of the first pattern has begun in the form of a 5-3 formation down at lower degrees.
That is, despite the continuing uncertainty, it is still possible that a local correction as part of a correction of a degree older may take the form of a double triple. And if this assumption is supported, then the formation of the first pattern in the form of a 5-3 formation down will be a good basis for resuming the downward trend.
09-11-2022
The Euro price continues to move upwards and it is possible that the development of the ascending part of the medium-term correction wave is currently being completed or has already been completed.
That is, despite the continuing uncertainty, it is still possible that a local correction as part of a correction of a degree older may take the form of a double triple. And if this assumption is supported, then the formation of the first pattern in the form of a 5-3 formation down will be a good basis for resuming the downward trend.
08-11-2022
The Euro price continues to move up and, unfortunately, this fact continues to complicate the recognition of the current situation.
That is, the absence of a confidently completed model does not allow us to assert with any degree of confidence about the choice of one or another direction of price movement, since the last upward pullback increased the potential for a variety of alternative options.
But, despite the current uncertainty, it is possible that a local correction as part of a correction of a degree older may take the form of a double triple. In any case, until this or that model is completed, it is not worth taking any active actions.
07-11-2022
The Euro price performed a confident upward movement and, unfortunately, this fact only complicated the recognition of the current situation.
That is, the absence of a confidently completed model does not allow us to assert with any degree of confidence about the choice of one or another direction of price movement, since the last upward pullback increased the potential for a variety of alternative options.
But, despite the current uncertainty, it is possible that the downward part of the medium-term correction may take the form of a diagonal. In any case, until this or that model is completed, it is not worth taking any active actions.
04-11-2022
The Euro price, under the current assumption, confidently continued its downward movement, and it is likely that the development of an impulse wave of decline continues as part of the assumed plane, the form of which may take a medium-term correction.
If this assumption continues to receive support, then fixing the price below the confirming level will continue to put pressure on the value of the pair.
It is also worth understanding that the correction in question may take the form of a triangle, which in turn may slow down the expected price decline.
03-11-2022
The Euro price has performed a local upward movement, and it is more likely that it has just completed the development of the first pattern in the form of a 5-3 formation down, and is currently trying to gain a foothold below the confirming level.
If the price can stay below the indicated level, then this fact will increase the pressure on the value of the pair.
02-11-2022
The Euro price is likely to have completed the development of the pattern in question in the form of a 5-3 formation down as part of the final part of the assumed plane, and it is possible that at the moment the development of a similar pattern is being completed by a degree lower.
If the current assumption continues to receive support, fixing the price below the confirming level may increase the pressure on the pair’s value.
01-11-2022
The Euro price continues the development of the first pattern in the form of a 5-3 formation down on the lower degrees.
If the current assumption gets support, then after a slight pullback up, we should expect the pair’s value to continue moving down.
28-10-2022
The Euro price is trying to perform a downward reversal, and it is possible that as part of the expected wave of decline, the development of the first pattern has begun in the form of a 5-3 formation down on the lower degrees.
If the current assumption is supported, the completion of this pattern will be a good basis for a confident resumption of the price decline.
27-10-2022
The Euro price continues to move up, and despite the strong uncertainty, it is still possible to consider a scenario according to which the current movement is part of a correction that takes the form of a plane or triangle.
Therefore, if the current assumption is supported, then in the near future the value of the pair may form a base that will become the basis for resuming the price decline.
26-10-2022
The Euro price continues to move up, and despite the strong uncertainty, it is still possible to consider a scenario according to which the current movement is part of a correction that takes the form of a plane or triangle.
Therefore, if the current assumption is supported, then in the near future the value of the pair may form a base that will become the basis for resuming the price decline.
21-10-2022
The Euro price, after the upward pullback, resumed its downward movement, and it is still possible to consider the scenario according to which the current decline is part of a correction that takes the form of a plane or triangle.
Therefore, if the current assumption receives support, the pair’s value may continue to move down in the near future.
19-10-2022
The Euro price continues to remain in the area of the achieved levels and, as before, the absence of a confidently completed model does not allow us to assert with any degree of confidence about the choice of one or another direction of price movement.
But, despite the current uncertainty, we can continue to consider the scenario according to which the current decline is part of a correction that takes the form of a plane or triangle.
Therefore, if the current assumption is supported, fixing the price below the confirming level may increase the pressure on the pair’s value.
18-10-2022
The Euro price has made a relatively confident upward movement and, as before, the absence of a confidently completed model does not allow us to assert with any degree of confidence about the choice of one or another direction of price movement.
But despite the current uncertainty, we can continue to consider the scenario according to which the current decline is part of a correction that takes the form of a plane or triangle.
Therefore, if the current assumption is supported, fixing the price below the confirming level may increase the pressure on the pair’s value.
14-10-2022
The Euro price performed a downward movement, and almost immediately performed a more confident upward movement. As before, due to the lack of an impulse structure in the previous year, the price growth remains very uncertain.
But, despite the current uncertainty, we can consider a scenario according to which the current decline is part of a correction that takes the form of a plane. And as part of the descending wave of this plane, the local correction also takes the form of a plane.
Therefore, if the current assumption is supported, then, after a slight upward pullback, the value of the currency will continue to move down.
13-10-2022
The Euro price continues to remain in the area of the achieved values, without showing any significant dynamics, and as before, the lack of a confident impulse structure in the previous price increase does not yet allow us to assert with any degree of confidence about the local direction of movement of the pair’s value.
But, despite the current uncertainty, we can consider a scenario according to which the current decline is part of a correction that takes the form of a plane.
Therefore, if the current assumption is supported, then, after a slight upward pullback, the value of the currency will continue to move down.
12-10-2022
The Euro price continued to move down, and as before, the lack of a confident impulse structure in the price growth does not yet allow us to assert with any degree of confidence about the local direction of movement of the pair’s value.
But, despite the current uncertainty, we can consider a scenario according to which the current decline is part of a correction that takes the form of a plane.
Therefore, if the current assumption is supported, then, after a slight upward pullback, the value of the currency will continue to move down.
10-10-2022
The Euro price continued to move down, and as before, the lack of a confident impulse structure in the price growth does not yet allow us to assert with any degree of confidence about the local direction of movement of the pair’s value.
But, despite the current uncertainty, we can continue to consider the scenario with the development of a medium-term correction, in which the first part may take the form of a diagonal.
07-10-2022
The Euro price continued to move down, and as before, the lack of a confident impulse structure in the price growth does not yet allow us to assert with any degree of confidence about the local direction of movement of the pair’s value.
But, despite the current uncertainty, we can continue to consider the scenario with the development of a medium-term correction, in which the first part may take the form of a diagonal.
06-10-2022
The Euro price has made a relatively significant downward movement and, unfortunately, the lack of a confident impulse structure in the price growth does not yet allow us to state with any degree of confidence about the local direction of movement of the pair’s value.
But, despite the current uncertainty, it is still worth considering a scenario with the development of a medium-term correction, in which the first part may take the form of a diagonal.
05-10-2022
The Euro price, although without a downward pullback, nevertheless confidently continued to move upward within expectations, and it is still possible that the development of an impulse wave of growth continues.
If the current assumption continues to receive support, then after a slight pullback, we should expect the price to continue to rise.
04-10-2022
The Euro price continues to remain in the area of the reached levels, and it is possible that the formation of a series of the first 1-2 1-2 waves up is being completed at the junior degrees.
That is, although against the background of the dollar index, which can still form a new maximum in 2022, the value of the Euro may continue to move down, yet if the assumption is supported, fixing the price above the confirming level may strengthen the dynamics of the pair’s upward movement.
03-10-2022
The Euro price, under the current assumption, continues to develop the impulse part of the growth wave, and it is possible that a series of the first 1-2 1-2 waves is forming up at the lower degrees.
That is, although against the background of the dollar index, which can still form a new maximum in 2022, the value of the Euro may continue to move down, yet if the assumption is supported, fixing the price above the confirming level may strengthen the dynamics of the pair’s upward movement.
29-09-2022
The Euro price, under the current assumption, performed a confident rebound upward, and it is possible that the development of the first pattern in the form of a 5-3 formation upward has begun.
That is, although against the background of the dollar index, which can still form a new maximum in 2022, the value of the Euro may continue to move down, nevertheless, if the assumption of the development of a pattern in the form of a 5-3 formation up is supported, this fact will be a good basis for the development of a medium-term corrective wave of growth.
28-09-2022
The Euro price, under the current assumption, continues to move downwards and has currently fulfilled the minimum conditions for completing the impulse wave of decline.
If the current assumption continues to receive support, then the formation of the first pattern in the form of a 5-3 formation up will be a good basis for a confident upward reversal of the price.
27-09-2022
The Euro price continues to remain under pressure, and it is still possible that the momentum in question is at the stage of its completion.
If the current assumption continues to receive support, then soon the value of the pair will form a new minimum, after which we should expect the beginning of a relatively high and relatively protracted wave of growth.
26-09-2022
The Euro price, although within the framework of the scenario, continued to move down, but the depth of the decline led to an adjustment of the structure on the charts of higher degrees.
That is, it is likely that at the moment the development of an impulse wave of decline is coming to an end, which can take a completed form when at least one new minimum is formed.
23-09-2022
The Euro price within the framework of the assumption under consideration continues to remain under pressure, and it is likely that the formation of the assumed downward diagonal is currently being completed or has already been completed.
If the current assumption continues to receive support, then the formation of the first pattern in the form of a 5-3 formation up will be a good basis for starting a round of price strengthening.
22-09-2022
The Euro price, within the framework of the assumption under consideration, confidently continued its downward movement, and it is likely that the formation of the assumed downward diagonal is currently being completed or has already been completed.
If the current assumption continues to receive support, then the formation of the first pattern in the form of a 5-3 formation up will be a good basis for starting a round of price strengthening.
21-09-2022
The Euro price continues to move down, and it is still possible that the current decline is the final wave of the diagonal downward, which will crown the completion of the third wave of a large impulse decline.
If the current assumption is supported, then in the near future the value of the pair will continue to move down and form a new minimum in 2022.
15-09-2022
The Euro price continues to remain under pressure, and it is still possible that the current decline is the final wave of the diagonal downward, which will crown the completion of the third wave of a large impulse decline.
If the current assumption is supported, then in the near future the value of the pair will continue to move down and form a new minimum in 2022.
14-09-2022
The Euro price performed a steady downward movement, and the dynamics of this decline led to an adjustment of the structure on the charts of higher degrees.
That is, it is likely that the current decline is the final wave of the diagonal downward, which will crown the completion of the third wave of a large downward momentum.
If the current assumption is supported, then, after a slight upward pullback, the pair’s value will continue to move down and form a new minimum in 2022.
13-09-2022
The Euro price continued to grow steadily, and although it is still possible that a series of impulse waves of growth is developing, it is still advisable to consider a scenario according to which the development of the first pattern in the form of a 5-3 formation up is only now being completed.
If this assumption is supported, then the pair’s value will soon complete the pattern under consideration, after which we should expect an increase in price growth.
12-09-2022
The Euro price continues to remain in the area of the reached levels, and it is possible that the development of a series of the first 1-2 1-2 waves up is coming to an end at the junior degrees.
If the current assumption is supported, then in the near future the value of the pair will be able to gain a foothold above the confirming level, which in turn may strengthen the dynamics of price growth.
09-09-2022
The Euro price, within the framework of the scenario under consideration, confidently resumed its upward movement, and it is possible that the development of an upward impulse wave has begun.
If the current assumption is supported, then in the near future, the pair’s value, without much violation of the local, critical level, can confidently continue to move up.
08-09-2022
The price for this pair, although without updating the minimum, is still trying to perform an upward reversal within the expectations, and it is possible that the development of the first pattern in the form of a 5-3 upward formation has begun at the lower degrees.
If the current assumption is supported, then the completion of this pattern will be a good basis for a confident price increase.
05-09-2022
The price for this pair confidently continued its downward movement and it is still possible that the downward wave of the assumed plane or triangle takes the form of a double zigzag, which is at the stage of its completion.
If the current assumption is supported, then in the near future the price will form a new minimum, after which it is worth expecting a reversal of the pair’s value upwards.
03-09-2022
The price for this pair confidently continued its downward movement and it is still possible that the downward wave of the assumed plane or triangle takes the form of a double zigzag, which is at the stage of its completion.
If the current assumption is supported, then in the near future the price will form a new minimum, after which it is worth expecting a reversal of the pair’s value upwards.
31-082022
The price for this pair continues to remain in the area of the reached levels, but it is still possible that the downward wave of the assumed plane or triangle takes the form of a double zigzag, which is at the stage of its completion.
If the current assumption is supported, then in the near future the price will continue to move down and form a new local minimum.
25-08-2022
The price for this pair continues to attempt an upward reversal, but it is still possible that the downward wave of the assumed plane or triangle will take a completed form when the local minimum is updated.
That is, although the growth may begin almost from the current levels, the formation of a new local minimum will become a more acceptable sign for the beginning of a steady price growth.
24-08-2022
The price for this pair performed a confident upward movement, and almost immediately returned back, so it is still possible that the formation of a descending wave of the assumed plane or triangle is being completed.
If this assumption continues to receive support, then soon, perhaps after updating the local minimum, the value of the pair will perform a confident upward reversal.
Also, this assumption can be supported by sentiment data, according to which the number of bulls has already become critically small.
23-08-2022
The price for this pair continued to move downwards and it is still possible that the formation of a descending wave of the assumed plane or triangle is being completed.
If this assumption continues to receive support, then soon, perhaps after updating the local minimum, the value of the pair will perform a confident upward reversal.
Also, this assumption can be supported by sentiment data, according to which the number of bulls has already become critically small.
22-08-2022
The price for this pair continued to move downwards and it is still possible that the formation of a descending wave of the assumed plane or triangle is being completed.
If this assumption continues to receive support, then soon, perhaps after updating the local minimum, the value of the pair will perform a confident upward reversal.
19-08-2022
The price for this pair confidently continued to move down, and it is possible that in the near future the price of the pair will test the lower limit of the current range.
If this assumption continues to receive support, then after the completion of the downward wave of the assumed plane or triangle, we should expect a resumption of price growth.
18-08-2022
The price for this pair continues to develop a local correction as part of the downward wave of the assumed plane or triangle.
If the current assumption continues to receive support, then, after the correction pullback is completed, we should expect the pair’s value to continue moving down.
17-08-2022
The price for this pair is likely to have completed the development of a local downward momentum, within the framework of the development of a descending wave of the assumed plane or triangle.
If the current assumption continues to receive support, then, after the corrective pullback is completed, we should expect the pair’s value to continue moving down.
16-08-2022
The price for this pair continued to move down, and at the moment it is worth considering a scenario according to which the current decline is a downward wave of correction, which can take the form of a plane or triangle.
If the current assumption is supported, then after the downside momentum is completed and the correction to it, the pair’s value will continue to move down, and it is quite possible that it will test the lower extremum.
15-08-2022
The price for this pair has performed a local pullback down, but despite this fact, there is still potential for the formation of a series of new local highs.
That is, although the correction in question may take the form of a plane, which may lead to a relatively significant downward movement of the price, nevertheless, the formation of a series of new highs will support the current assumption.
12-08-2022
The price for this pair continues to remain in the area of the reached levels, and it is still possible that the formation of the first part of the medium-term corrective wave of growth is currently being completed or has already been completed.
If the current assumption continues to receive support, then after updating the local maximum, we should expect the price to turn down.
Also, it should be understood that the current scenario implies a price increase within the correction, and there is still no certainty about what form and height this correction will take.
11-08-2022
The price for this pair has confidently resumed its upward movement within the framework of the scenario under consideration, and it is possible that it is currently completing or has already completed the formation of the first part of the medium-term corrective wave of growth.
If the current assumption continues to receive support, then, after a slight downward pullback, the pair’s value will continue its local upward movement.
But, it should be understood that the current scenario implies a price increase within the correction, and there is still no certainty about what form and height this correction will take.
10-08-2022
The price for this pair continues to remain in the formed range, and it is possible that a local correction as part of the corrective growth wave may take the form of a triangle.
If this assumption is supported, then in the near future the value of the pair will confidently resume its upward movement.
09-08-2022
The price for this pair continues to remain under pressure, and it is possible that the previously considered correction as part of the first pattern in the form of a 5-3 formation upwards continues its development, the corrective part of which may take the form of a plane or triangle.
If this assumption is supported, then, in the near future, perhaps after updating the local minimum at the lower degrees, the pair’s value will confidently resume its upward movement.
08-08-2022
The price for this pair continues to remain under pressure, and it is possible that the previously considered correction as part of the first pattern in the form of a 5-3 formation upwards continues its development and may take the form of a plane.
If this assumption is supported, then, in the near future, perhaps after updating the local minimum at the lower degrees, the pair’s value will confidently resume its upward movement.
06-08-2022
The Euro price continues to remain in the formed range, which quite likely takes the form of a plane, the final part of which may take the form of a diagonal.
If the current assumption is supported, the completion of the diagonal will be a good basis for a confident renewal of the upward movement of the price.
December
The Euro price is likely to complete the development of the correction as part of the downward momentum under consideration, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, the price will soon perform a downward reversal.
It is also worth understanding that the height of the last upward movement may already be a correction after the end of the downward momentum.
November
The Euro price continues to develop a correction as part of the downward momentum under consideration, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, then most likely the correction will be in its development stage for some time, after which the current downward trend will continue.
October
The Euro price confidently continued to move down, and it is possible that the development of a medium-term corrective wave of growth began on intraday levels.
That is, although there is still a possibility of updating the local minimum, if the current assumption is supported, then most likely in the near future we should expect the development of an upward correction, the shape and height of which is difficult to assume at the initial stage.
September (correction of the structure)
The Euro price continues to remain under pressure, and as before, the lack of a confidently completed model does not yet allow us to assert with any confidence about the choice of one or another option.
But, despite this fact, there is still little potential for the implementation of the current scenario under consideration, according to which a series of the first 1-2 1-2 waves is supposedly developing as part of a large downward momentum.
That is, although there are many different options, yet if the price can gain a foothold below the local confirming level, it is likely that this fact may resume pressure on the pair’s value.
The Euro price has not been able to perform an upward reversal, and within the framework of the previously indicated alternative scenario, it is likely that the current decline is the final part of the downward momentum, which takes the form of a diagonal.
If the current assumption is supported, then in the near future the pair’s value will form a series of new lows in 2022, after which we should expect an upward reversal.
September
The Euro price continues to remain under pressure, and it is still possible that a downward momentum is developing to complete, which it is necessary to form a corrective pullback, which can take the form of a plane or a triangle, and then update the local minimum.
Therefore, it is possible that soon the value of the pair may perform quite a significant rebound upwards.
August
The charts of daily degrees clearly show an attempt to perform a corrective upward price reversal within the framework of the ongoing impulse wave of decline.
At the current stage, it is still difficult to assume the shape and height of this correction model, but if this assumption is supported, then soon the value of the currency will resume its upward movement.
December
The Euro price is likely to complete the development of the correction as part of the downward momentum under consideration, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, the price will soon perform a downward reversal.
It is also worth understanding that the height of the last upward movement may already be a correction after the end of the downward momentum.
November
The Euro price continues to develop a correction as part of the downward momentum under consideration, and at the moment there is still no certainty about what form this correction will take.
But, despite the uncertainty in the choice of the model, if the current assumption continues to receive support, then most likely the correction will be in its development stage for some time, after which the current downward trend will continue.
October
The Euro price confidently continued to move down, and it is possible that the development of a medium-term corrective wave of growth began on intraday levels.
That is, although there is still a possibility of updating the local minimum, if the current assumption is supported, then most likely in the near future we should expect the development of an upward correction, the shape and height of which is difficult to assume at the initial stage.
September
The Euro price continues to remain under pressure, and it is still possible that a downward momentum is developing to complete, which it is necessary to form a corrective pullback, which can take the form of a plane or a triangle, and then update the local minimum.
Therefore, it is possible that soon the value of the pair may perform quite a significant rebound upwards.
August
The Euro price, within the framework of the assumption under consideration, confidently continued to move down, and it is possible that at the moment the development of a corrective wave of growth has begun as part of the assumed downward momentum.
If the current assumption continues to receive support, then in the near future we should expect the continuation of the corrective growth, the result of which will be the continuation of the current downward trend.
The Euro price continues to remain under pressure, and as before, the absence of a confidently completed model does not yet allow us to assert with any confidence about the choice of one or another option.
But, despite this fact, there is still little potential for the implementation of the current scenario under consideration, according to which a series of the first 1-2 1-2 waves is supposedly developing as part of a large downward momentum.
That is, although there are many different options, yet if the price can gain a foothold below the local confirming level, it is likely that this fact may resume pressure on the pair’s value.
