Purchases at the update of local maximum

24.02.2021

The growth of the euro paused as soon as the local maximum was updated. Thereby, there are certain worries about the possibility of further growth. The price may start to roll back from these values, and then, having got a taste, the sellers will turn the whole situation in their favor. Then the correction may start to get more complicated and instead of a simple zigzag we will see something completely different.

Therefore, it is recommended to wait a little with trading. It will be possible to buy with a confident update of the current maximum.

Investment idea: buy 1.2180, stop loss 1.2150, take profit 1.2350.