Elliott waves analysis – EUR/USD. The euro gains momentum.

The price has indeed started to rise, but not immediately, opting first to test the previously broken resistance level, which has now become a support level after the breakout. It seems that wave [3] is indeed starting to extend. In this case, we will soon see growth in the third wave forming within wave [3] but at a higher level.

Therefore, buying in the current situation looks very promising, so it is recommended to open long positions at the current market prices. The target for this movement remains unchanged at the level of 1.1000.