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EUR/USD. A corrective uptrend is expected.

EUR/USD. A corrective uptrend is expected. | 04 October 2024

04 October 2024, EUR/USD

EUR/USD. A corrective uptrend is expected.

As expected, the price, under bearish pressure, fell again, updating the local minimum. But there was no strong movement, minor efforts were required for this operation.
Perhaps this way, the development of the downward impulse on the smaller time frame has been completed. Then, in the near future, the initiative will be transferred to the hands of buyers, who will try to respond appropriately to the decline.
Given this, the development of a corrective uptrend movement is expected, and from the current price values, opportunities for concluding buy deals can be sought.
Investment idea: buy 1.1035, stop loss 1.1015, take profit 1.1100.

Bob Stan
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