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EUR/USD. Euro is preparing for a sharp rise.

EUR/USD. Euro is preparing for a sharp rise. | 17 December 2024

17 December 2024, EUR/USD

EUR/USD. Euro is preparing for a sharp rise.

The EUR/USD pair has shown no significant changes over the past trading day. The euro is struggling to maintain its dominance, but it is demonstrating readiness for a major upsurge. This scenario is supported by the completion of the correction phase, which may precede a significant bullish movement.
The current market conditions favor the development of the third impulse wave, which is characterized by strong momentum. This wave is expected to extend considerably, exceeding the previous peaks, thereby providing a lucrative opportunity for traders.
To capitalize on this, traders can consider entering buy positions at the current market level of 1.0535, where the stop loss is set at 1.0510, aiming for a profit of 1.1000.
Bob Stan
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