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EUR/USD. The price is ready to grow.

EUR/USD. The price is ready to grow. | 22 October 2024

22 October 2024, EUR/USD

EUR/USD. The price is ready to grow.

Once again, buyers' attempt to somehow improve the situation in their favor failed. The price returned to the initial growth point and paused. Possibly, this way the development of a downward impulsive movement has been completed after all. Then today we may see buyers launching an attack on their opponents, trying to break the structure of the downtrend.
There is a feeling that this time everything will come together quite successfully. The price actually has very good chances to grow. But this movement is likely to be corrective in nature and, by default, it is expected to see the development of a zigzag.
Buy deals are recommended to be opened at current market values.
Investment idea: buy 1.0820, stop loss 1.0800, take profit 1.0950.
Bob Stan
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