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EUR/USD. The beginning of impulsive growth.

EUR/USD. The beginning of impulsive growth. | 26 November 2024

26 November 2024, EUR/USD

EUR/USD. The beginning of impulsive growth.

The opening of the trading week resulted in the formation of a bullish gap, which was quickly closed. Now the price is at the very beginning of this gap, and apparently another attempt to grow will be made. The current situation is very favorable for this, as the development of a downward impulse, part of wave C of a large bearish zigzag, has presumably ended. This means that now we may be witnessing the beginning of the next, already bullish phase of the market.
The growth may take the form of a classic impulse or an initial diagonal triangle. The current option suggests a movement in the usual form, the potential of which looks quite attractive to try to participate in it.
Investment idea: buy 1.0460, stop loss 1.0430, take profit 1.0720.
Bob Stan
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