EURUSD – The development of the third impulse wave has started

10.07.2023

The price, which spent the whole last week in a narrow range, suddenly came to its senses on the last trading day and sharply increased its activity trying to grow. And as if the buyers succeeded, but now it is necessary to continue to develop their success, otherwise the price will slip back to the established calm direction.

The possible directional movement is supported by the emerging wave pattern, where the upward impulse is expected to develop as wave (c) of the zigzag. Then the observed growth may become wave iii.

Thus, there is a very promising situation for making buy trades.

Recommendations: Buy 1.0980, SL 1.0950, TP 1.1300.