EURUSD – Price picks up speed for a rapid impulse rise

12.01.2022

The price began to rise cautiously again. Whether this time it will be possible to pick up the speed necessary for a good impulse is still difficult to say, but the time is ripe for movement. In addition, it is assumed that wave [3] of an upward impulse will develop, and the third waves, as a rule, are powerful and long-lasting.

Another argument in favor of good impulse growth is the formed initial diagonal triangle in wave [1]. Thus, it is recommended to take a closer look at the possibility of buying already at the current market values.

Recommendations: Buy 1.1375, stop loss 1.1350, take profit 1.1650.