EUR/USD. The market is complicating things once again. | 06 Marzo 2024

06 Marzo 2024, EUR/USD

EUR/USD. The market is complicating things once again.

As expected, the price used the previously broken inclined level as support and attempted to rise. However, barely had the local maximum been updated when something that often happens occurred. A reverse movement began, and the exchange rate returned to the starting point of this movement, threatening to fall even lower.
At the moment, all of this looks like a formed upward impulse on a smaller time frame, which is part of wave iii, followed by a corrective decline. Then the price may drop a little more before starting to rise again, realizing the considered wave scenario.
Investment idea: Buy at 1.0875, stop loss at 1.0845, take profit at 1.1000.

Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:
Close
Iniciar sesión
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.