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EUR/USD. The price is going for a correction.

EUR/USD. The price is going for a correction. | 18 September 2024

18 September 2024, EUR/USD

EUR/USD. The price is going for a correction.

The situation is developing within the framework of the previously considered plan. Indeed, the price tried to rise and managed to update the local maximum. But there wasn't enough strength left, opponents became active and began to drive the price down.
Probably, this way, the formation of the correctional phase began, which is likely to be short-lived, occupying the rest of the current week and possibly affecting several days of the next one.
Trading in this situation is definitely not worth it, as the price can behave extremely inappropriately.
It is recommended to follow the development of events while being out of the market, waiting for a suitable opportunity to enter into one direction or another.
Investment idea: flat.
Bob Stan
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