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