The euro, after complicating its corrective structure, has resumed its upward movement and is approaching the previously established local high. It is expected that this time the attempt will be successful, leading to a rapid impulsive price increase.
This development is driven by the formation of the third impulsive wave in the emerging bullish movement. As a result, a promising setup for entering long positions is emerging.
Long positions can be opened now at current market levels with a minimum target of 150 pips.
Investment idea: BUY 1.1710, SL 1.1685, TP 1.1900
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.
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Bob Stan
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