EURUSD – Expectations for growth in the third impulse wave persist

23.10.2023

The situation has not undergone any changes since the previous review. The price continues to trade in the corrective framework not daring to try its luck in the upward movement. At the same time, the wave picture still suggests the development of impulsive growth in wave iii.

It is difficult to say when the buyers will be ripe for this, the beginning of the trading week is mostly quiet, so the probability of any activity during today is extremely low.

But it cannot be called zero either. It is necessary to follow the situation and try to enter deals when there are signs of directional movement. The optimal signal may be a breakdown and price fixing above the maximum of the expected wave i.

Recommendations: Buy 1.0640, SL 1.0615, TP 1.0850.