EUR/USD. Formation of the Fourth Wave of the Downward Impulse Continues. | 25 April 2024
25 April 2024, EUR/USD
The scenario involving a possible correction in wave 4 remains relevant. Volatility is reduced, confirming the formation of a corrective structure. Most likely, today's trading session, like the previous one, will pass calmly. The price will attempt to rise and update the current local maximum, after which a reverse movement will begin, which over time may turn into a downward impulse, becoming wave 5.
In any case, it's probably not worth looking for trading opportunities right now. It's recommended to observe the developments from the sidelines.
Investment Idea: Flat.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
