EUR/USD. Price is preparing for a strong move. | 20 January 2025
20 January 2025, EUR/USD
Throughout the final trading day, the situation saw no significant changes. The price essentially remained at the same levels. However, an attempt to grow was made. But this buying spurt was quickly extinguished, and the rate returned to its original position.
The start of the new week will likely belong to the sellers. There's a desire to go lower to make the presumed Wave 2 more pronounced. After that, a strong impulsive growth is expected within the formation of Wave 3.
The inauguration of the new president in the United States could also heavily influence the current situation. This factor needs to be taken into account as well.
But in this situation, I recommend observing how events unfold without making any trading decisions for the day.
Investment idea: Flat.
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.
