EURUSD: BUY 1.1370, SL 1.1340, TP 1.1500 | 02 June 2025

The euro has risen as expected. However, before the increase, the price dropped significantly, which affected the wave structure interpretation. It is still assumed that a leading diagonal is developing, but now it appears to be forming within wave 1 rather than an extended wave 3. The current rise is therefore considered to be wave 5 of this pattern. The target for this upward move lies at the upper boundary of the diagonal. Before any further growth, the price is expected to either consolidate within a narrow range or experience a deeper pullback, so it is not advisable to rush into buying at this stage. A more cautious approach would be to start building a position gradually. Investment idea: BUY 1.1370, SL 1.1340, TP 1.1500.