Saved local copy captured 2026-11-01. Data is a snapshot, not a live feed.

EURUSD – Buyers maintain chances for a bullish scenario

16.12.2024

Buyers failed to reverse the situation in their favor by returning to the assumed diagonal triangle. However, by the end of the trading session, the price returned to the starting point of the decline. This provides some optimism ahead of the new trading week. It is quite possible that we will finally see the formation of an upward impulse wave 3 within the anticipated bullish movement.

In this case, the level for opening buy trades remains unchanged at 1.0535, as indicated on the chart above. Entering any position before reaching this target is not recommended, maintaining a neutral stance.

Recommendations: Buy at 1.0535, SL at 1.0510, TP at 1.1000.