EURUSD: BUY 1.1050, SL 1.1010, TP 1.1200 | 07 April 2025
07 April 2025, EUR/USD
Ultimately, the initial wave scenario proved accurate. Trump helped facilitate the development of Wave 5 in the upward impulse at the precise moment it was needed. Currently, a correction is developing within the forming impulse in this wave.
Based on what is being plotted, it can be inferred that only one bullish wave remains before the completion of the entire upward cycle. This implies that with the update of the maximum, we should prepare for a reversal and a prolonged corrective movement, which could be either sufficiently deep or extended horizontally.
In light of this, it is advisable to capture the remaining small upward movement, then switch to a waiting mode for the reversal and the start of the decline.
Investment idea: BUY 1.1050, SL 1.1010, TP 1.1200.
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.
