Buyers turn the tide in their favor

19.05.2021

Euro confidently overcame another obstacle in the form of a price maximum. Therefore, the development of the upward impulse probably continued, namely its wave [3], which, moreover, is also lengthening.

If this is true, then in the future we will expect a long impulse growth of the pair. Buyers are seriously claiming to renew the maximum set at the beginning of January this year. The growth potential looks promising, so it is worth looking closely at the possibility of opening buy deals.

Investment idea: buy 1.2235, stop loss 1.2215, take profit 1.2350.