Русский
The euro has become entangled in a forming correction, and every attempt to rectify the situation in its favor ends with a stronger counter-reaction from the dollar, yielding the opposite result. The rate sinks, repeatedly updating local lows.
However, the overall situation still appears as a correction. Only its presumed structure has changed. Now, Wave 4 appears as a flat, which, as is typical, features an impulse as its concluding wave.
With the start of the new trading week, a new bullish phase may commence, driven by the development of Wave 5 in the presumed upward impulse.
For safer entry into buy trades in this situation, it is recommended to open positions when the level of 1.0830 is breached.
Investment idea: BUY 1.0830, SL 1.0800, TP 1.1050.
Origin: FreshForex
