EURUSD – The situation maintains a bullish mood

31.10.2022

After updating the highs of October 4, the euro’s resolve to keep going diminished sharply. The price has rolled back down. But this decline at the moment is seen as a correction in a possible incipient impulse. In this case the price will grow again and update the current local maximum.

In favor of further growth also, presumably, the final diagonal with a truncated wave 5 of v formed. The minimum target for the upside movement is 1.0780. It is better to buy above 1.0000.

Recommendations: Buy 1.0000, SL 0.9975, TP 1.0780.