The beginning of the formation of an upward impulse

09.11.2021

The euro is growing cautiously, but so far, this movement is seen as a correction within the emerging final diagonal triangle. Although, there is a feeling that eventually the price could climb so high that it forms a confident bullish impulse. Therefore, the possibility of buying is definitely not worth putting on the back burner.

A strong signal to open long positions will be the price fixing above 1.1620. At this price value, it will already be possible to start buying.

Investment idea: buy 1.1620, stop loss 1.1600, take profit 1.1750.