EURUSD – Price resumes upward impulse movement

03.07.2023

In general, the situation has not undergone any significant changes. Development of corrective growth in the form of a double zigzag, which began in September 2022, is still expected. Now, probably, wave (c), in which wave ii, of the ascending impulse has recently finished, is being formed.

Based on this, we can assume that in the near future, we can expect a continuation of the growth, designed to form wave iii. This will lead to the establishment of new highs.

In this regard, it is worth considering the possibility of entering into buy trades at the current market values.

Recommendations: Buy 1.0930, SL 1.0900, TP 1.1300.