EUR/USD. The beginning of the development of the third wave of the upward impulse. | 04 Febrero 2025
04 Febrero 2025, EUR/USD
The opening of the trading week turned out to be extremely unpleasant for the euro. A gap has formed, and the price is now near previously established lows. Buyers immediately tried to rectify the situation, but so far have not succeeded. For now, they are just holding on. Perhaps over time, sellers' enthusiasm will cool down, and the price will start to rise.
At least the current situation lends itself to this possibility. It is possible that the decline was due to the development of a correction, which took the form of a double zigzag. This model appears to be complete, and now confirmation in the form of a confident upward impulsive wave is needed.
In this situation, it is worth considering buying at the breakout level of 1.0300.
Investment idea: Buy 1.0300, stop loss 1.0235, take profit 1.0500.
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.
