EURUSD – Growth in the fifth wave

24.07.2023

The price is frozen hesitating to go beyond the expected wave 1. If it still happens, buyers will have the last chance to realize their plans. It consists in the formation of the final diagonal triangle, in which wave v will develop.

If the growth starts from the current values, then the movement will be considered as a normal impulse in which the final wave v will also be formed.

Thus, in the current situation we can only wait and see what decision will be made by the market. Opening trades at current prices can also be tried, as the potential for movement in the expected wave v is quite good.

Recommendations: Buy 1.1145, SL 1.1120, TP 1.1300.