EUR/USD. Price growth is temporarily postponed. | 20 Februari 2024

20 Februari 2024, EUR/USD

EUR/USD. Price growth is temporarily postponed.

Difficulties have arisen again with the directional movement. The price failed to immediately surpass the previously formed local maximum, and after reaching it once again, a negative reaction followed in the form of a pullback.
This level is currently quite well-defined, and its breakout is now a signal for active buying. Until this happens, the formation of a corrective structure may continue.
There is a possibility that by slightly updating the maximum, the price has formed an impulse at the lower level, and the observed pullback is a correction. This could be seen as a 1-2 wave structure within a larger wave [1]. Thus, this nested structure may eventually turn into a fairly prolonged upward impulse.
Therefore, in the current situation, a breakout above the level of 1.0785 would signal buying opportunities.
Investment idea: Buy at 1.0785, stop loss at 1.0750, take profit at 1.1000.

Bob Stan
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus