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EUR/USD. Another Chance for Buyers.

EUR/USD. Another Chance for Buyers. | 27 June 2024

27 June 2024, EUR/USD

EUR/USD. Another Chance for Buyers.

Instead of the expected rise, the euro has fallen. The price managed to dip slightly below the critical level and update the minimum. This indicates that the wave scenario under consideration requires certain adjustments. Currently, the situation may look as follows: wave c in the zigzag takes the form of an ending diagonal triangle.
This maintains the chances for an upward movement. There is a cautious attempt to rise, which, with sufficient activity, can lead to a significant upward movement.
It is possible to try buying again at current market prices.
Investment Idea: Buy
Action: Buy at 1.0700 Stop Loss: 1.0675 Take Profit: 1.0800
Bob Stan
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