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EUR/USD: The Euro is Trying to Grow.

EUR/USD: The Euro is Trying to Grow. | 01 April 2024

01 April 2024, EUR/USD

EUR/USD: The Euro is Trying to Grow.

The situation with this pair is developing quite chaotically. The dollar, which seemingly has already taken the lead, suddenly stops putting pressure on the euro, which is then used by buyers to slightly improve their position.
This may be due to the diverging diagonal triangle not having been fully formed yet. Wave 5 of 1 finished its development much lower than expected. The current attempt at growth is presumably corrective and is caused by the formation of wave 2.
In this case, we can consider the possibility of concluding short-term purchase deals at current market values.
Investment idea: buy 1.0800, stop loss 1.0780, take profit 1.0880.
Bob Stan
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