EURUSD: BUY 1.0770, SL 1.0735, TP 1.1050 | 28 March 2025
28 March 2025, EUR/USD
The euro continued to feel pressure from the dollar, leading to a further gradual decline in its exchange rate. As a result, the presumed corrective Wave 4 has stretched out in duration. It is still believed that it is taking the form of a flat, but buyers need to act and send the price into an impulsive rise meant to form Wave 5.
Ideally, this should happen within the next trading day; otherwise, the situation may spiral out of control, initiating movement in a different direction.
Currently, an attempt is being made to probe the weaknesses of the U.S. dollar. If a vulnerability is found and exploited, we may still see an impulsive rise in the near future.
It is reasonable to consider buying again, with a small potential risk but a more substantial profit.
Investment idea: BUY 1.0770, SL 1.0735, 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.
