EURUSD – The situation remains favorable for the upward movement

28.11.2022

There was a hitch with the continuation of growth. The price came close to the maximum and it did not force the events, which allowed the sellers to reduce the value of Euro. At the moment this decline is considered as a corrective wave in the incipient lengthening of the wave iii.

Then we should not expect a strong decrease, the price will start to grow soon, and the signal to buy will be the renewal of the earlier maximum.

Recommendations: Buy 1.0454, SL 1.0480, TP 1.0700.