The development of the third impulse wave is assumed

18.03.2021

For the pair under consideration, everything indicates that we will see a continuation of the upward movement. This is due to the development of an impulse, in which a diagonal triangle was formed as wave i, and wave iii begins to lengthen. Within wave iii, a sub-wave (i) and (ii) is formed, then today we can see a rapid impulse growth in wave (iii) of iii.

But it is worth buying only at the renewal of the maximum, and at the first opportunity it is necessary to transfer the deal to breakeven.

Investment idea: buy 109.35, stop loss 109.00, take profit 110.50.