Over the past trading day, the price did what was expected of it, although it failed to reach the targets. After a minor attempt at growth, the rate dipped and slightly retested the local low. Immediately after this, active buying began, returning the euro/dollar exchange rate to its starting position for the trading day.
It appears that this marked the completion of the double zigzag development, and the next phase of movement has begun, which could develop into a prolonged impulsive rise. If we start buying now, we may catch the very beginning of this movement with very low risk relative to the potential profit.
Therefore, it is recommended to consider entering buy trades at current market values.
Investment idea: BUY 1.1640, SL 1.1605, TP 1.1770.
Origin: FreshForex
