EURUSD: BUY 1.1125, SL 1.1090, TP 1.1350 | 14 May 2025
14 May 2025, EUR/USD
The price did not continue developing the correction driven by wave b of y and instead immediately moved down to complete the entire corrective structure. The resulting movement resembles a completed downward impulse. This suggests that the entire complex correction — which took the form of a double zigzag — is now complete. A weak attempt at an upward move is already underway. Cautious long positions can be considered here, with a protective stop-loss placed at the recently formed local low. The nearest target for this upward movement is at the 1.1350 level. Investment idea: BUY 1.1125, SL 1.1090, TP 1.1350.
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.
