EUR/USD. The Price Might Rise Further. | 25 June 2024

25 June 2024, EUR/USD

EUR/USD. The Price Might Rise Further.

The euro has managed to utilize the current situation effectively, preventing the exchange rate from dropping below the specified level. Instead, it has successfully attacked the positions of the US dollar, advancing towards the local maximum established by the presumed wave 1.
It seems that wave 3 of the upward impulse has begun, potentially indicating an extended internal structure. In this case, we are likely to see the continuation of the upward impulsive movement, approximately as schematically shown in the provided chart.
Therefore, it is advisable to secure previously opened positions by moving the stop loss closer to the current price level. New trades can be considered upon breaking the local maximum.
Investment Idea:Buy at 1.0740, Stop Loss: 1.0715,Take Profit: 1.0850.
Bob Stan
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .