EURUSD – Euro Likely to See Slight Increase

17.06.2024

The situation continues to develop according to the previously outlined plan. The Euro has confidently dipped and updated its local minimum, presumably completing the formation of wave a in the second part of the expected double zigzag.

Currently, there is an attempt at recovery, which will take some more time. This situation can be used to make cautious buying trades with small targets.

The growth is expected as part of the formation of wave b of y. This is a corrective part, so strong movements should not be expected.

Recommendations: Buy at 1.0700, SL at 1.0685, TP at 1.0740.