EURUSD – Rising in the fourth wave of the final diagonal triangle

17.10.2022

The euro did not manage to grow and complete the expected wave [c] of 4, the price declined slightly. But it did not affect the expected wave pattern. Growth towards the upper pattern is still expected in the near future, which will mark the passage of the final part of the final diagonal triangle. And there and to the reversal is not far away.

The potential of movement in the ascending direction from the current values is quite good, therefore it is recommended to consider the possibility of making buy trades at updating of the local maximum.

Recommendations: Buy 0.9800, Stop Loss 0.9770, Take Profit 1.0000.