EUR/USD. The situation remains under buyers' control. | 24 January 2025
24 January 2025, EUR/USD
During the past trading day, the price struggled to escape from the correction trap it got caught up in earlier. This correction can be interpreted either as the fourth wave of the initial diagonal triangle, in which case we can anticipate another upsurge to complete this model, or as an extending Wave 3, which implies a more prolonged and extensive rally.
For now, the second scenario is favored, but precise adjustments will be made later depending on developments. As both scenarios suggest further growth, it is advisable to continue looking for buying opportunities.
Buying can be done at current market levels.
Investment idea: Buy 1.0420, Stop Loss 1.0400, Take Profit 1.0620.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
