EURUSD – The Euro will try to set a new year’s high

30.01.2023

The market still decided to implement the scenario with the development of the ascending impulse movement, with an extension in wave iii. Now we are probably watching the development of the final part of the bullish impulse movement, in which the formation of wave v is assumed.

The current situation assumes continuation of the pair’s growth within the framework of the mentioned wave. Due to this fact it is worth to consider the possibilities of making buy deals, but for this purpose it is necessary to wait for the directional movement during which the current maximum will be updated.

Recommendations: Buy 1.0930, SL 1.0900, TP 1.1050.