Price maintains chances for upward movement

14.07.2021

Instead of steady growth, the euro value went down and renewed its local minimum again. As long as there is some power reserve before wave a, the supposed horizontal triangle, the chances for the proposed wave scenario to come true remain. However, in this situation, it is necessary to wait for confirmation of growth in wave d.

This confirmation will be consolidation above the level of 1.1880. Until this moment, it is not recommended to open any trade transactions.

Investment idea: buy 1.1880, stop loss 1.1850, take profit 1.2150.