EUR/USD. Euro tries to fix the situation. | 11 October 2024
11 October 2024, EUR/USD
The option of a protracted downward movement, apparently, did not suit buyers. After another update of the minimum, the price rose sharply, showing intentions to try to start growing. The attempt may well be successful. Then the downward movement that has formed can be considered as a formed downward impulse, and the expected growth as a correction.
Based on the recent decline, the correction will be quite strong, so buying at current prices is quite justified and has a very good profit potential.
Thus, the current trading week may end with a small win for buyers, which will give a certain confidence and positive attitude for implementing plans at the beginning of the next five-day working cycle.
Investment idea: buy 1.0935, stop loss 1.0910, take profit 1.1050.
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