EURUSD: BUY 1.0495, SL 1.0475, TP 1.0530 | 05 March 2025
05 March 2025, EUR/USD
The price continues to trade according to the previously reviewed wave scenario. Following an impulsive decline, an equally swift impulsive rise ensued. Buyers nearly completely regained their lost ground. However, it is unlikely that they will be able to maintain this confidence.
It is expected that the rate will grow slightly more and reach the local resistance level established by Wave 1. After this, the price may get stuck in a correction for a long time, moving horizontally or bouncing back down.
While there is still a small chance for growth, cautious buys can be considered.
Investment idea: BUY 1.0495, SL 1.0475, 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.
