EURUSD – Another Attempt by Euro to Rise

01.07.2024

During the final trading day, buyers became sharply active. Their opponents were not prepared for this, leading to a fairly rapid upward movement and the price consolidating above the descending diagonal triangle.

The previously suggested scenario is currently receiving confirmation. Therefore, a sustained impulsive rise is possible in the near term, during which the third wave of the emerging impulse will form.

The potential movement trajectory in the near term is indicated on the chart above.

Thus, entering long positions in the current situation appears to be a good trading decision.

Recommendations: Buy at 1.0775, SL 1.0745, TP 1.0820.