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EUR/USD. Buyers are trying to cling to the option of a final diagonal triangle in wave 5.

EUR/USD. Buyers are trying to cling to the option of a final diagonal triangle in wave 5. | 25 September 2024

25 September 2024, EUR/USD

EUR/USD. Buyers are trying to cling to the option of a final diagonal triangle in wave 5.

The price has started to grow again, partly confirming the assumption about the possible development of a final diagonal triangle as wave 5. So far, it hasn't been possible to update the current local maximum, but if this wave formation option is realized, this event is just a matter of time.
At the same time, trading in this extremely unstable situation is not recommended. No directed movement is envisaged in the near future. The price, judging by everything, will be tossed around, but the general vector will still be upward.
In this situation, it remains to wait for the completion of the current wave formation and look for an opportunity to enter sell deals within the already bearish phase for this trading pair.
Investment idea: flat.
Bob Stan
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