Русский
The euro continued to feel pressure from the dollar, leading to a further gradual decline in its exchange rate. As a result, the presumed corrective Wave 4 has stretched out in duration. It is still believed that it is taking the form of a flat, but buyers need to act and send the price into an impulsive rise meant to form Wave 5.
Ideally, this should happen within the next trading day; otherwise, the situation may spiral out of control, initiating movement in a different direction.
Currently, an attempt is being made to probe the weaknesses of the U.S. dollar. If a vulnerability is found and exploited, we may still see an impulsive rise in the near future.
It is reasonable to consider buying again, with a small potential risk but a more substantial profit.
Investment idea: BUY 1.0770, SL 1.0735, TP 1.1050.
Origin: FreshForex
