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The wave counting of the EUR / USD instrument has again acquired a fully completed, five-wave form. Thus, at the moment, we can again expect the beginning of a new downward trend section. If the current assumption is correct, then the decline in quotes will continue with targets located around 19 and 18 figures. However, one should not forget that the demand for the US dollar in recent months has been extremely low, so the upward trend may well resume and become more complicated.
The wave counting of a smaller scale again indicates the possible completion of the upward trend section. The supposed wave 5 in 5 has acquired a completed form, and a successful attempt to break through the low of the supposed wave 4 indicates that the instrument is ready to build at least three wave downward trend sections. So far, everything looks like the beginning of a new section of the trend.
Meanwhile, Donald Trump's second impeachment has not left the editorials of all the world's newspapers and magazines. Recall that two years ago, the US President was already caught in a scandal (far from the only one in 4 years), which led to impeachment (which then failed). Then the US President was caught blackmailing Volodymyr Zelensky, the President of Ukraine, with the aim of collecting dirt on the then-presidential candidate Joe Biden and his son Hunter Biden, who could be involved in illegal activities in Ukraine. Now Trump is accused of provoking an attack on the Capitol on January 6, during which several people, including one policeman, died.
Twitter has already blocked the president's account forever, although initially, all major social networks blocked the president only for 24 hours. However, afterward, some changed their minds since Trump was hardly going to stop his active maintenance of social networks, which leads to complete destabilization in the country. Trump continues to accuse Democrats of election theft. The Democrats intend to start a new impeachment procedure, even though there are only 10 days left until the end of the presidential term.
Donald Trump himself believes that Vice President Mike Pence and Congress will not apply the 25th Amendment to the Constitution and will not remove him from office. Let me remind you that the Vice President of the United States has this right if "the head of state is no longer able to fulfill his duties." However, not only Mike Pence can start this process. The Democratic Party is already preparing articles under which Trump can be impeached. The impeachment in 10 days before the expiration of the term of office can only give one thing: Trump's refusal to run for president after 4 years. Also, such a decision by the US Congress could take Trump out of politics forever. After all, he is already 74 years old.
General conclusions and recommendations:
The Euro-Dollar pair has supposedly completed the upward trend section again. Thus, at this time, I recommend selling the instrument with targets located around 20 and 19 figures for each new signal of the MACD indicator "down". So far, everything does not look like a simple corrective wave. Everything looks like the end of the upward trend. But will the descending section be strong and long?
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