EUR/USD. The attempt to grow is postponed to the new trading week. | 14 October 2024
14 October 2024, EUR/USD
Buyers apparently decided not to hurry and spend their strength to save them for the new trading week. The final day was devoted to preparing the situation for a possible growth.
It is worth remembering that, given the current situation, a price increase is expected, which will be of a corrective nature. This is because the formation of a downward impulse has recently been completed.
Thus, if the price does rise, it is unlikely to expect a movement to the highs, the maximum that can be counted on is 61.8% using Fibonacci retracement from the impulsive decline that occurred.
At the same time, buy deals can be opened already at current market values, setting a protective stop loss at the formed minimum.
Investment idea: buy 1.0940, stop loss 1.0900, take profit 1.1040.
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.
