EURUSD – Bullish activity expected to rise

09.02.2022

The slow decline in quotes is gaining signs of accumulation of forces before a sharp surge upwards. It is likely that soon there will be a surge in bullish activity, which will entail another update of the maximum, followed by a correction.

Thus, there will be a completion of the upward impulse, which is the first wave of the emerging larger impulse. In this regard, it is worth considering the possibility of buying with the installation of SL at a local minimum.

Recommendations: Buy 1.1420, Sl 1.1390, TP 1.1510.