EUR/USD. Buyers are trying to seize the initiative. | 04 Juli 2024

04 Juli 2024, EUR/USD

EUR/USD. Buyers are trying to seize the initiative.

Euro supporters managed to use the previously broken boundary of the presumed final diagonal triangle as a support level and started to rise. This means not all is lost for the bullish scenario. However, it is unclear in what form the upward movement will be carried out. It currently looks like an initial diagonal triangle, but wave overlaps are minimal, so it is quite possible that we are seeing a simple impulse or an impulse with an extension. All scenarios suggest further strengthening of the euro, but after updating the local maximum established yesterday, there is a high probability of a corrective pullback. Therefore, cautious buying at current market values can be considered.
Investment idea: Buy at 1.0790, stop loss at 1.0770, take profit at 1.0840.

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.