EURUSD: BUY 1.1375, SL 1.1335, TP 1.1570 | 29 May 2025
29 May 2025, EUR/USD
The situation in this currency pair continues to develop in line with the expected scenario. As anticipated, the price declined and reached the previously identified target at the lower boundary of the diagonal triangle, thereby completing the formation of this pattern. If this structure is indeed a leading diagonal, it opens the door to an upward movement in the form of the next impulse wave, which will likely be an extension within wave 3. This creates a favorable buying opportunity, and it is advisable to take advantage of it by entering long positions on a breakout above 1.1375. Investment idea: BUY 1.1375, SL 1.1335, TP 1.1570.
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.
