There will be impulse growth

15.07.2021

For the pair under consideration, the last trading day turned out to be very boring. The price could not overcome either the local minimum or the local maximum, having bargained in a very narrow price range. Of course, such a development of events had almost no effect on the emerging wave picture, therefore, the expectations of the pair’s growth also remained the same.

As it has been repeatedly noted earlier, the upward movement of the price is assumed within the development of the impulse. Now, while the first two waves have been formed, the next third is expected to be fast and continuous. But it is not recommended to rush to open deals at current prices. It is worth waiting for the update of the current local maximums and enter only after that.

Investment idea: buy 1.3910, stop loss 1.3880, take profit 1.4150.