EURUSD: BUY 1.0925, SL 1.0900, TP 1.1050 | 21 March 2025
21 March 2025, EUR/USD
Throughout the past trading day, the trading pair exhibited multidirectional movement. Initially, as expected, the rate declined but fell slightly short of the lower boundary of the channel. A rebound ensued, recouping half of the prior decline. In this straightforward way, the formation of Wave 4 in the upward impulsive movement appears to have continued.
It is plausible that the correction wave is complete, and the observed growth represents the inception of Wave 5 in the same upward impulsive movement. However, there is a sense that sellers, dissatisfied with their inability to reach the trendline earlier, will endeavor to do so. This would result in a downward surge toward this target, followed by the commencement of the fifth impulsive wave.
Investment idea: BUY 1.0925, SL 1.0900, TP 1.1050.
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.
