EUR / USD. The price is slowly growing. We are waiting for acceleration.

The price gradually crawls up, but there is no confidence in it. At any time, a sharp collapse may happen and cancel the proposed wave scenario. For this reason, it is not worth a hurry with the opening of the purchase positions. In the current situation, it is recommended to wait for the update of the local maximum established by the estimated wave [1].

It is worth recalling that the wave [3] of the ascending pulse is currently assumed. In this case, the wave [1] is considered as an initial diagonal Triangle, which signals good growth.

Investment idea: Buy 1.1480, Stop Loss 1.1460, Take Profit 1.1700.