Euro’s efforts to gain strength have borne fruit. The rate, albeit nervously and jerkily, has nevertheless risen, approaching the high set by the presumed Wave 1. At the moment, this jump is viewed as Wave 3. The sharp plunge downward may indicate the development of this wave as an extension.
For this reason, during today’s trading session, we may see further impulsive growth, during which the price will try to reach Wave 1 of a larger degree. In such a situation, buying remains the most promising trading solution, but you should open deals when the local high set during the previous trading day is updated, passing through the value of 1.0430.
Investment idea: Buy at 1.0430, Stop Loss at 1.0400, Take Profit at 1.0550.
Origin: FreshForex
