EURUSD: BUY 1.1285, SL 1.1265, TP 1.1400 | 23 May 2025
23 May 2025, EUR/USD
The assumption about a developing leading diagonal appears to be holding for now. The price bounced off the upper boundary of the pattern and has started to decline slowly. It is expected to reach the lower boundary of the diagonal during today’s session, followed by a resumption of upward movement. For this reason, previously opened short positions should be held until the initial targets are reached, after which long setups can be considered on the rebound. Overall, a strong and sustained impulsive uptrend is expected, with the market currently working through an extending wave 3. Investment idea: BUY 1.1285, SL 1.1265, TP 1.1400.
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.
