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EUR/USD. Another attempt to resume the uptrend.

EUR/USD. Another attempt to resume the uptrend. | 04 September 2024

04 September 2024, EUR/USD

EUR/USD. Another attempt to resume the uptrend.

The attempt to resume the uptrend for buyers proved unsuccessful. The price3.
The fell below the previously established local minimum. At the same time, we did not see any sharply increased volatility. Immediately after this, the euro began to grow and all this weak downward movement was bought out.
Perhaps this time the correctional decline has indeed ended and the price has gone into the next impulsive wave, designed to complete the current bullish phase. If this is really the case, then in the near future we will see an impulsive growth due to the development of wave 5 of 3.
The potential for movement is quite interesting for trading, so it is recommended to try buying again at current market values with a target near the maximum set by the assumed wave 3.
Investment idea: buy 1.1060, stop loss 1.1035, take profit 1.1200.

The attempt to resume the uptrend for buyers proved unsuccessful. The price3. The fell below the previously established local minimum. At the same time, we did not see any sharply increased volatility. Immediately after this, the euro began to grow and all this weak downward movement was bought out. Perhaps this time the correctional decline has indeed ended and the price has gone into the next impulsive wave, designed to complete the current bullish phase. If this is really the case, then in the near future we will see an impulsive growth due to the development of wave 5 of 3. The potential for movement is quite interesting for trading, so it is recommended to try buying again at current market values with a target near the maximum set by the assumed wave 3. Investment idea: buy 1.1060, stop loss 1.1035, take profit 1.1200.

The attempt to resume the uptrend for buyers proved unsuccessful. The price3. The fell below the previously established local minimum. At the same time, we did not see any sharply increased volatility. Immediately after this, the euro began to grow and all this weak downward movement was bought out. Perhaps this time the correctional decline has indeed ended and the price has gone into the next impulsive wave, designed to complete the current bullish phase. If this is really the case, then in the near future we will see an impulsive growth due to the development of wave 5 of 3. The potential for movement is quite interesting for trading, so it is recommended to try buying again at current market values with a target near the maximum set by the assumed wave 3. Investment idea: buy 1.1060, stop loss 1.1035, take profit 1.1200.

Bob Stan
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