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EUR/USD: Resumption of Decline in the Corrective Pattern.

EUR/USD: Resumption of Decline in the Corrective Pattern. | 13 June 2024

13 June 2024, EUR/USD

EUR/USD: Resumption of Decline in the Corrective Pattern.

The situation is unfolding exactly as anticipated within the proposed wave scenario. During the past trading day, the price rose as expected, but the movement was much stronger than anticipated. This likely formed the connecting wave x in the double zigzag pattern.
If this is indeed the case, we can expect a decline driven by the formation of the second wave in this complex corrective structure. This presents a promising trading opportunity.
Consider opening sell positions at the current price levels.
Investment Idea:

Sell: 1.0800 Stop Loss: 1.0825 Take Profit: 1.0700

Bob Stan
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