EURUSD – The price is trying to continue the upward movement

16.01.2023

The final trading day of last week turned out to be counter-trend. Having established the maximum of the current year the buyers relaxed a little and allowed the price to roll back. However, even now there is an attempt to restore the upward movement. The value of the euro is again on the approaches to the previously set maximum.

Most likely, the upward movement will continue. This is conditioned by development of the presumed wave v of the impulse. In this regard, it is worth considering the opportunity to buy when the current maximum is updated.

Recommendations: Buy 1.0875, SL 1.0850, TP 1.1000.