EUR/USD. The euro gains momentum. | 22 Febrero 2024

22 Febrero 2024, EUR/USD

EUR/USD. The euro gains momentum.

The price has indeed started to rise, but not immediately, opting first to test the previously broken resistance level, which has now become a support level after the breakout. It seems that wave [3] is indeed starting to extend. In this case, we will soon see growth in the third wave forming within wave [3] but at a higher level.
Therefore, buying in the current situation looks very promising, so it is recommended to open long positions at the current market prices. The target for this movement remains unchanged at the level of 1.1000.
Investment idea: Buy at 1.0835, stop loss at 1.0800, take profit at 1.1000.

Bob Stan
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