The price attempted further decline and reached the previously established local low. At this level, buyers actively stepped in again, preventing the price from going lower. As a result, the movement reversed. This scenario was expected, although the movement was to happen slightly earlier.
Regardless, the price is rising, presenting an opportunity for the development of the next impulsive wave. However, this could also be part of a zigzag – an alternative that should be kept in mind.
It is recommended to keep previously opened buy positions and consider additional trades in the same direction at current market values.
Investment idea: BUY 1.1625, SL 1.1600, TP 1.1715.
Origin: FreshForex
