Elliott waves analysis – EUR/USD. The euro is aiming for further strengthening of its position.

As expected, the dollar began to lose its initiative, which opponents quickly took advantage of. After the first unsuccessful attempt to rise, buyers tried again and this time managed to update the local maximum. They are unlikely to calm down, as the situation suggests the development of a full-fledged upward impulse, and there are also indications that the third wave in it will be elongated.

Now, the formation of this third impulse wave is likely underway. It is recommended to keep the previously opened deals in operation and, if possible, try to enter new ones.