EURUSD: BUY 1.1370, SL 1.1320, TP 1.1500 | 03 June 2025

An updated wave scenario is currently in play for EUR/USD, according to which wave 5 is developing within a leading diagonal. Earlier, it was suggested that the upward movement might temporarily pause due to the structure of diagonals, which typically form as three-wave patterns. Accordingly, the first sub-wave within wave 5 has formed and is now undergoing a correction. This correction is what we are currently observing. With the start of the new trading week, we may see the resumption of upward impulsive movement, which would complete wave 5 and the entire proposed pattern. Thus, there remains solid potential for further growth, which provides a favorable opportunity to enter long positions. Investment idea: BUY 1.1370, SL 1.1320, TP 1.1500.