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EUR/USD. The development of corrective growth continues.

EUR/USD. The development of corrective growth continues. | 04 April 2024

04 April 2024, EUR/USD

EUR/USD. The development of corrective growth continues.

The euro has gotten into its stride and continued its active growth. At this moment, the movement resembles an impulse, lacking the last two waves. It seems that the price will shortly address this. During today's trading session, the formation of a correction may begin. After this, the final rise will form the impulse and the assumed wave a of the zigzag.
Presumably, this forms an upward correction, driven by the development of wave 2.
Buying at this point is already expensive, so it is necessary to wait for the completion of the corrective pullback and try to enter into the second part of this corrective upward movement.
Investment idea: flat.
Bob Stan
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