The price, having tested the 1.1540 level twice, began to rise steadily. The preceding decline likely had a corrective nature and took the form of a complex structure in the shape of a double zigzag.
The current rise could develop into a full-fledged upward impulse. If this is indeed the case, the third wave of this impulse is currently forming. The movement potential remains quite significant, and the price is expected to continue moving upward for some time.
In this context, it is recommended to keep previously opened buy positions and move the STOP LOSS closer to minimize risks.
It is also worth considering opening additional positions in the same direction.
Investment idea: BUY 1.1670, SL 1.1645, TP 1.1750.
Origin: FreshForex
