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EUR/USD. Probability of growth becomes very high.

EUR/USD. Probability of growth becomes very high. | 30 October 2024

30 October 2024, EUR/USD

EUR/USD. Probability of growth becomes very high.

The market decided to scare off, or if possible, knock out the maximum number of buyers who entered into trades at the very bottom. Instead of the expected growth, the price dropped sharply, approaching the previously established minimum, but then returned just as abruptly.
All these swings from side to side formed a simple zigzag. Now, the upcoming upward movement looks almost certain. The potential of this movement allows us to enter into trades not just for one day, meaning we can aim for good profits.
Therefore, since a price increase is expected in the near future, it is advisable to begin active purchases at current market values.
Investment idea: buy 1.0825, stop loss 1.0800, take profit 1.0950.
Bob Stan
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