EUR/USD: Euro Set to Continue Rising | 15 May 2024
15 May 2024, EUR/USD
After some deliberation and fluctuations, the price has ultimately decided to keep rising. This situation aligns with the considered wave scenario. Presumably, the movement is progressing as wave 3 of an ascending impulse, which is likely extending.
In this case, the direction of price movement will remain unchanged in the near future. The euro will continue to rise, forming an impulsive structure in wave 3 of 3.
Previously opened buy positions are recommended to be maintained. Additionally, when the current local maximum is updated, further long positions can be opened.
Investment Idea: Buy at 1.0830, 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.
