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EUR/USD. Latest opportunity for the euro.

EUR/USD. Latest opportunity for the euro. | 27 March 2024

27 March 2024, EUR/USD

EUR/USD. Latest opportunity for the euro.

Another attempt by the euro to improve its position and at least somehow regain its previously lost positions caused a strong reaction from the opposite side. Sales intensified and the price began to subside again and return to the initial point of growth.
Buyers will have to struggle quite a bit in order to get out of this situation by giving this decrease the status of a correction. Otherwise, a critical level may be broken and the scenario under consideration will need to be revised.
To conclude transactions for purchase, you need to wait for the update of the formed local maximum. Then, the probability of the implementation of the wave v in the diagonal triangle will sharply increase.
Investment idea: buy 1.0865, stop loss 1.0840, take profit 1.1000.
Bob Stan
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