EUR/USD. Expected Growth in the Fifth Wave of the Initial Diagonal Triangle. | 30 April 2024
30 April 2024, EUR/USD
There haven't been any significant changes in the EUR/USD pair over the past trading day. The price has remained nearly unchanged from before. Therefore, the possibility of growth within the framework of the development of the initial diagonal triangle continues to be considered. To complete the formation of this pattern, the final fifth wave is needed.
It's possible that during today's trading session, buyers will become more active to execute this plan. In that case, considering buying at current market values with a target at the upper boundary of the channel within which the movement is currently developing could be an option.
Investment Idea: Buy at 1.0705, with a stop loss at 1.0685, and a take profit at 1.0770.
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.
