EURUSD: BUY 1.1310, SL 1.1270, TP 1.1380 | 26 May 2025

26 May 2025, EUR/USD

EURUSD: BUY 1.1310, SL 1.1270, TP 1.1380

The target for the anticipated corrective decline within the developing leading diagonal has been met. After reaching the lower boundary of the pattern, buyers are now attempting a rebound. It is expected that all will work out favorably and we will see the next upward wave; otherwise, the price may get stuck in a corrective consolidation, further complicating its internal structure. For now, the picture indicates the beginning of an extension within a nascent upward impulse, more specifically, in its wave 3. For this reason, it is recommended to consider entering long positions at current market levels. Investment idea: BUY 1.1310, SL 1.1270, TP 1.1380.


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.
Bob Stan
Close
Login