The situation maintains favorable conditions for further growth

03.08.2021

The week did not start very actively. During the trading day movements turned out to be insubstantial and uninteresting. The value of the euro remained within the limits of the correction that had begun earlier. This development of events did not affect the proposed wave scenario in any way. Growth is still expected in the future due to the formation of wave (a) of the zigzag, which is wave d of the horizontal triangle.

Therefore, purchases remain a priority in making trading decisions.

Investment idea: buy 1.1880, stop loss 1.1850, take profit 1.1950.