The euro was unable to continue its upward movement, as it encountered strong resistance from the dollar near the local maximum, leading to a sharp decline. Currently, buyers are trying to prevent the price from breaking critical levels.
This situation still looks like a correction, suggesting that a rise from current levels is possible. It is expected that an extension in wave 3 of the emerging bullish impulse will develop. If this is the case, the upward movement could be quite prolonged, presenting a potentially very good opportunity for entering buy trades.
It is worth trying to buy at the current market levels.
Investment Idea:
Action: Buy Entry Level: 1.0715 Stop Loss: 1.0695 Take Profit: 1.0850
Origin: FreshForex
