EUR/USD. The price intends to continue rising. | 23 January 2025
23 January 2025, EUR/USD
After a successful attempt to break above the upper boundary of the presumed ending diagonal triangle, buyers began to solidify their positions at the newly won levels. This was confirmed by a retest of the broken boundary, indicating serious intentions to continue the uptrend.
The likelihood of this scenario remains quite high, driven by the formation of Wave 3 in the upward impulse. Additionally, the minimum movement, equivalent to the size of the previously formed ending diagonal triangle, has not yet been realized.
Thus, the situation retains a bullish bias, making purchases a rather appealing trading solution.
Investment idea: Buy 1.0410, Stop Loss 1.0385, Take Profit 1.0630.
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.
