The Euro is expected to continue losing its positions. However, the downward movement is forming as an impulse, which lacks a final surge to complete it. It is possible that the anticipated wave iii is stretching in this case.
In the near future, the decline will continue, but immediately after updating the current local minimum, buying activity will intensify, leading to growth. For now, this growth is considered a correction.
Thus, one can attempt to profit first from the remaining decline, and then immediately reverse to buying.
The situation with the trading asset under consideration is developing exactly as per the considered scenario. The buyers made another attempt to climb higher and update the current local maximum, but failed.
The price, which had started rising briskly, also fell back just as quickly. And the initiative immediately passed into the hands of the bears.
It is expected that their pressure will intensify in the future and the price will go even lower. Thus, a well-identifiable simple zigzag correction will form.
After that, it will be possible to try growing again, forming the final impulse wave.
But that will be later; for now, it is recommended to consider opening sell trades at current market values.
Investment idea: SELL 77400, SL 79000, TP 72500.
NQ100: FLAT.
The past trading day was very dull in terms of any movement. The price essentially stayed in place the entire time. Accordingly, we did not see the expected decline either.
Instead, the index once again started looking toward its historical maximum.
But there is currently no strength for the necessary acceleration, so all buyers can hope for is holding the value near this level, preventing their opponents from pushing the price lower.
Overall, the previously considered scenario remains relevant, but I would not recommend opening any positions now, as this dreary state may last for some time, and its exit may turn out to be quite different from what was expected.
