The attempt to resume growth did not succeed. Instead of impulsive movement, we saw a weak decline toward the previously established local low. This may be due to a pullback before a further price spike upwards. If this is indeed the case, the price may start an impulsive rise as part of the development of Wave 3, during which the highs of the current year will be updated.
However, there is no need to rush into buying deals at current market values. During yesterday’s trading session, an extreme level was reached, breaking through which could serve as a good signal to start active action. This level is marked on the chart and passes through the value of 1.0335.
Thus, buy deals retain good prospects for potential profit.
Investment idea: Buy at 1.0335, Stop Loss at 1.0280, Take Profit at 1.0550.
Origin: FreshForex
