EUR/USD. Reversal is brewing. | 14 January 2025
14 January 2025, EUR/USD
As expected, the price continued to come under selling pressure. This led to further declines, during which the minimum of the newly begun year was once again updated. Trading is taking place in the final part of Wave 5 of the ending diagonal triangle, meaning buyers could become active at any moment.
In such a case, we can expect a sharp jump in prices upwards, followed by a correction and further impulsive growth. The minimum distance that the price will cover in this bull cycle will be equal to the total length of the formed ending diagonal triangle.
Thus, a good opportunity for concluding buy transactions is looming.
Investment idea: Buy 1.0280, Stop Loss 1.0255, Take Profit 1.0630.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
