EUR/USD: Euro Expected to Slightly Increase. | 17 June 2024
17 June 2024, EUR/USD
The situation continues to unfold according to the previously outlined plan.
The euro has confidently declined and updated the local minimum, presumably completing wave a in the second part of the anticipated double zigzag.
Currently, there is an attempt at recovery, which will take some more time. This situation can be used for cautious buy trades with small targets.
The expected rise is within the formation of wave b of y. This is a corrective part, so strong movements are not expected.
Investment Idea: Buy at 1.0700Stop Loss at 1.0685Take Profit at 1.0740
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.
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