EURUSD – The euro will continue to rise.

14.11.2022

The rapid growth of the euro broke the structure of the diagonal triangle model, so there was a need to reconsider the current situation. Perhaps, the observed growth is impulsive in nature, in which a series of waves 1-2 is formed.

At the moment, waves i and ii have already been formed, after which the price rushed up, probably as part of the development of the lengthening in wave iii. Within this third wave, presumably, the development of wave 1 is going on at the moment, for the completion of which the final wave of growth is missing, after which the price will start to roll back.

In this regard, growth is expected in the near future to complete the impulse within wave 1.

Recommendations: buy 1.0330, SL 1.0300, TP 1.0445.