EURUSD – Price will continue upward movement

20.11.2023

The price resumed the upward movement, having renewed the current local maximum. Thus, another confirmation of the assumption about the development of the upward impulse was obtained. Probably, the formation of the fifth wave within wave iii is underway at the moment.

Then, after a small rise, we may see another stop to correct this upward movement. Then the price will continue to grow again, “drawing” the next waves of the ascending impulse pattern.

In this situation, it is recommended to keep the previously opened buy trades in operation. The target is the level of 1.1000.

Recommendations: Buy 1.0910, SL 1.0895, TP 1.1000.