EUR/USD. The euro is aiming for further strengthening of its position. | 28 November 2024
28 November 2024, EUR/USD
As expected, the dollar began to lose its initiative, which opponents quickly took advantage of. After the first unsuccessful attempt to rise, buyers tried again and this time managed to update the local maximum. They are unlikely to calm down, as the situation suggests the development of a full-fledged upward impulse, and there are also indications that the third wave in it will be elongated.
Now, the formation of this third impulse wave is likely underway. It is recommended to keep the previously opened deals in operation and, if possible, try to enter new ones.
Investment idea: buy 1.0585, stop loss 1.0560, take profit 1.0780.
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.
