EUR/USD. Another attempt by the euro to rise. | 02 July 2024
02 July 2024, EUR/USD
During the last trading day, buyers sharply intensified. Their opponents were unprepared for this, leading to a rapid upward movement and the price breaking out of the converging final diagonal triangle. The previously suggested scenario is being confirmed. Thus, a prolonged impulsive rise is possible in the near future, during which the third wave of the emerging impulse will form. The potential trajectory of movement for the near term is indicated on the chart above. Therefore, entering buy positions in the current situation appears to be a good trading decision.
Investment idea: Buy at 1.0775, stop loss at 1.0745, take profit at 1.0820.
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.
