The price is uncertain but picking up the necessary speed for good growth

28.07.2021

The euro, although uncertainly, is still trying to grow, with every step it is bumping into serious resistance. It is necessary to keep trying further, and eventually, the sellers will have to give up, which will lead to a faster move in the upward direction.

It is worth recalling that growth is expected in the near future due to the development of wave d of a converging horizontal triangle. The target of this movement is the upper generatrix of the model. According to the proposed screenshot, there is room for growth, so you should look closer at the possibility of entering buy trades at current market prices.

Investment idea: buy 1.1820, stop loss 1.1800, take profit 1.2150.