EURUSD: BUY 1.1290, SL 1.1260, TP 1.1370 | 21 May 2025
21 May 2025, EUR/USD
The euro has moved upward as expected, though the advance has formed as a three-wave structure, which raises some doubts about the immediate bullish potential. It is possible that wave 3 will extend, starting with a leading diagonal. In this scenario, the current three-wave pattern would fit well as the initial part of a developing upward trend. We could then expect a series of overlapping waves within an overall bullish move, eventually leading to a strong impulsive rally. Given this, it is worth considering buying above the previously established local high. Investment idea: BUY 1.1290, SL 1.1260, TP 1.1370.
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.
