There have been no significant changes in the wave structure of the currency pair over the recent period. The price has remained within the previously established range, with a sharp decrease in movement amplitude, almost flattening into a horizontal line. This indicates a forthcoming sharp breakout. In our case, we expect an impulsive upward move, driven by the formation of wave 5 of 5.
Thus, the formation of the entire large upward impulse structure is nearing completion, meaning a reversal and decline are approaching. However, as long as there is still an opportunity to profit from buying, it is recommended not to ignore it and to seriously consider entering the market.
Investment idea: BUY 1.1390, SL 1.1360, TP 1.1650
Origin: FreshForex
