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EUR/USD. The Chances for an Upward Impulsive Movement Remain.

EUR/USD. The Chances for an Upward Impulsive Movement Remain. | 24 Tháng sáu 2024

24 Tháng sáu 2024, EUR/USD

EUR/USD. The Chances for an Upward Impulsive Movement Remain.

There have been complications with the resumption of the upward movement. The price showed an intention and even began moving up, but increased selling pressure led to the opposite effect. The price declined, closely approaching the local minimum. If the euro falls below this level, it will be necessary to revise the current wave count, possibly returning to the scenario of a double zigzag.
However, as long as this has not happened, the beginning of a rise as wave 3 of an upward impulsive movement remains possible. In this situation, buy trades can be considered upon the break of the local high at the 1.0700 level.
Investment Idea: Buy 1.0700, Stop Loss: 1.0680,Take Profit: 1.0850.
Bob Stan
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