For the EURUSD currency pair, we see the construction of a large impulse wave. There are five compound subwaves in impulse waves. On the four-hour timeframe, we see that the fourth subwave has come to an end, which is a horizontal correction and has the shape of a simple wave plane [A]-[B]-[C].
It is assumed that we are currently seeing the development of the initial part of the bullish impulse, which will consist of subwaves 1-2-3-4-5. It seems that the formation of the first two subwaves 1 and 2, impulse and correction, has been completed. In the near future, the price is expected to rise in impulse 3 above the level of 1.1910.
In the current situation, you can consider opening buy deals in order to take profit at the previous maximum, which was marked by the corrective subwave (4).
Trading recommendations: Buy from the current level. Take profit 1.1910.
*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.