EURUSD: BUY 1.1420, SL 1.1390, TP 1.1580 | 06 June 2025
06 June 2025, EUR/USD
The euro appears to be continuing the development of wave 5 within the ending diagonal. The local high is still acting as resistance, and price action has stalled mid-range within the boundaries of the presumed structure. In the near term, it will become clear whether buyers can break out toward the upper trendline—the primary target of the current wave. At present, we are seeing another attempt to move higher. Given this setup, it makes sense to continue considering long opportunities, aiming for the upper boundary of the diagonal. Investment idea: BUY 1.1420, SL 1.1390, TP 1.1580.
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.
