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EUR/USD. Another opportunity for growth.

EUR/USD. Another opportunity for growth. | 18 October 2024

18 October 2024, EUR/USD

The price continued to fall, and the wave scenario considered earlier turned out to be incorrect, since in that case, wave 3 would be the shortest. Now the situation looks like wave 3 is also elongating, like wave 1.
Then a small correction will begin shortly, during which the euro's exchange rate relative to the dollar will slightly rise. Then sellers will start actively pushing the price down and update the current local minimum. The expected trajectory of movement is indicated on the graph.
In this situation, you can either try buying again or wait for the resumption of the decline for safer trading.
Investment idea: buy 1.0830, stop loss 1.0810, take profit 1.0880.
Bob Stan
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