EUR/USD. The euro gains momentum. | 22 February 2024
22 February 2024, EUR/USD
The price has indeed started to rise, but not immediately, opting first to test the previously broken resistance level, which has now become a support level after the breakout. It seems that wave [3] is indeed starting to extend. In this case, we will soon see growth in the third wave forming within wave [3] but at a higher level.
Therefore, buying in the current situation looks very promising, so it is recommended to open long positions at the current market prices. The target for this movement remains unchanged at the level of 1.1000.
Investment idea: Buy at 1.0835, stop loss at 1.0800, take profit at 1.1000.
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.
