Elliott waves analysis – EUR/USD: Euro Set to Continue Rising

After some deliberation and fluctuations, the price has ultimately decided to keep rising. This situation aligns with the considered wave scenario. Presumably, the movement is progressing as wave 3 of an ascending impulse, which is likely extending.

In this case, the direction of price movement will remain unchanged in the near future. The euro will continue to rise, forming an impulsive structure in wave 3 of 3.

Previously opened buy positions are recommended to be maintained. Additionally, when the current local maximum is updated, further long positions can be opened.