EUR/USD. Further impulsive price growth is expected.
EUR/USD. Further impulsive price growth is expected. | 14 May 2024
14 May 2024, EUR/USD
The assumption of a possible rise has partially begun to materialize. The price increased and updated the local maximum slightly, followed immediately by a pullback. This may indicate a retest of the breached local level. If this is the case, the price will start rising again, and we will see the continuation of the formation of the ascending wave.
It is likely that wave 3 of the upward impulse is developing and starting to extend. If this is indeed the case, the upward movement could be significant. There remains a good opportunity to profit from buying at current market values.
Investment idea: Buy at 1.0795, stop loss at 1.0770, take profit at 1.1000.
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