The situation with the trading pair continues to develop according to the previously considered scenario. According to this scenario, we are presumably seeing the formation of a zigzag that is part of wave X, which in turn is part of a complex corrective structure, namely a double zigzag.
To complete this part, a short-term strengthening of the euro against the dollar is necessary. The expected trajectory of movement within this situation is indicated on the provided chart. Currently, we can see that the price is indeed cautiously rising. Based on this, it’s possible to consider entering cautious buy trades at current market values.
Investment idea: BUY 1.1745, SL 1.1720, TP 1.1820.
Origin: FreshForex
