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EUR/USD. Resumption of Upward Movement Expected.

EUR/USD. Resumption of Upward Movement Expected. | 13 March 2024

13 March 2024, EUR/USD

EUR/USD. Resumption of Upward Movement Expected.

As anticipated, the corrective phase has continued. An attempt to rise was abruptly halted, and the price fell, reaching a new local minimum. Currently, there is another attempt to resume the upward movement.
The desire to rise is driven by the development of the final wave [5] of the forming upward impulse. Therefore, it is quite possible that today we will see another phase of growth within the development of this final wave.
It is recommended to consider entering long positions above the value of 1.0930, aiming to capture potential profits above the maximum established by wave [3].
Investment idea: Buy at 1.0930, stop loss at 1.0900, take profit at 1.1020.

Bob Stan
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