Impulse growth expectations persist

05.04.2021

The desire of the euro to grow quickly disappeared. As soon as the local maximum was updated, a pullback began and the entire upward movement turned into a three-wave pattern. But the chances for further impulse growth still remain. To do this, it is necessary to start growing from the current price values. Then it will be possible to imagine the movement as an impulse with lengthening in the third wave.

For a more confident entry into a trade, it is recommended to wait until the current local maximum is updated.

Investment idea: buy 1.1790, stop loss 1.1770, take profit 1.1900.