EUR/USD. Probability of Further Upside Remains High. | 21 February 2024

21 February 2024, EUR/USD

EUR/USD. Probability of Further Upside Remains High.

Buyers wasted no time in breaking through the local support level. The sharp jump occurred on the same day as the assumption was made. At the moment, this movement is viewed as wave [3] of the upward impulsive movement. There is a sense that this wave may continue to extend.
In that case, we could witness an even more prolonged upward movement. Therefore, initiating and holding buy positions appears to be a promising decision.
The target for the upward movement remains around 1.1000.
Investment idea: Buy at 1.0820, stop loss at 1.0800, take profit at 1.1000.

Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus