EURUSD: BUY 1.0420, SL 1.0400, TP 1.0530 | 03 March 2025
03 March 2025, EUR/USD
The situation with the trading pair continues to develop according to the previously planned outline. The euro rate dropped sharply, leaving behind a clearly identifiable downward impulse.
This impulse may be part of a correction taking the form of a zigzag. In this case, we can consider the downward movement complete and label it as Wave 2. The next logical step would be a price increase. However, it is premature to rush into purchases.
Confirmation in the form of consolidation above the level of 1.0420 is required.
Investment idea: BUY 1.0420, SL 1.0400, TP 1.0530.
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.
