Expectations for the development of the third impulse wave remain

11.05.2021

Growth expectations have not come true yet, but buyers are trying very hard to push the price up by giving the movement the speed necessary for the development of an impulse. Perhaps, the pair will go to the third impulse wave soon. At least the situation still indicates this and suggests this scenario.

Consequently, purchases remain relevant, the market only delayed the development of the upward movement, giving a chance to those who did not have time to buy.

Investment idea: buy 109.00, stop loss 108.70, take profit 111.00.