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EUR/USD. The movement potential still remains interesting for purchases.

EUR/USD. The movement potential still remains interesting for purchases. | 06 September 2024

06 September 2024, EUR/USD

The price continued to move up seriously intending to update the maximum set earlier by wave 3 soon. However, everything may not be so simple. Before a decisive surge, the price may make a corrective rebound or sharply reduce activity1.1200.
GBP/USD. for some time and move sideways.
The situation remains the same, growth is expected due to the further development of wave 5 of the upward impulse. It was previously stated that wave 5 may form truncated, so you can start thinking about fixing profits already near the current price maximum set by wave 3.
It still makes sense to buy at current market values, as the remaining movement potential still looks good and promising.
Investment idea: buy 1.1120, stop loss 1.1100, take profit 1.1200.
Bob Stan
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