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EUR/USD. The final push in the third wave of the upward impulse.

EUR/USD. The final push in the third wave of the upward impulse. | 11 July 2024

11 July 2024, EUR/USD

EUR/USD. The final push in the third wave of the upward impulse.

There were no significant changes during the last trading day. The price continues to rise cautiously, hesitating to make an attempt to update the current price high. This may happen during today's session.
This could be the final push in the anticipated wave 3 of the forming upward impulse. If the situation indeed unfolds this way, a pullback will likely follow the active rising wave, which would form wave 4.
Therefore, previously opened buy positions should be kept open. Additional buying is not recommended in this situation as the movement potential remains limited.
Investment idea: flat.
Bob Stan
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