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EUR/USD. Time for active buying.

EUR/USD. Time for active buying. | 29 October 2024

29 October 2024, EUR/USD

EUR/USD. Time for active buying.

As expected, the trading week indeed began with buyers attempting to initiate an uptrend. The price has risen but has not yet overcome the local high. This event is likely to happen within the next timeframe, and it seems very likely that the move will be impulsive.
In this case, the entire current trading week will be marked by a cycle of impulsive growth, which is part of a correction, most likely a simple zigzag. For this reason, it is recommended to consider opportunities for entering into purchase transactions at current market values.
Investment idea: buy 1.0820, stop loss 1.0800, take profit 1.0950.
Bob Stan
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