EUR/USD. Euro Will Attempt Another Rise. | 26 June 2024

26 June 2024, EUR/USD

EUR/USD. Euro Will Attempt Another Rise.

The euro was unable to continue its upward movement, as it encountered strong resistance from the dollar near the local maximum, leading to a sharp decline. Currently, buyers are trying to prevent the price from breaking critical levels.
This situation still looks like a correction, suggesting that a rise from current levels is possible. It is expected that an extension in wave 3 of the emerging bullish impulse will develop. If this is the case, the upward movement could be quite prolonged, presenting a potentially very good opportunity for entering buy trades.
It is worth trying to buy at the current market levels.
Investment Idea:
Action: Buy Entry Level: 1.0715 Stop Loss: 1.0695 Take Profit: 1.0850

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.
Bob Stan
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