EURUSD: BUY 1.1535, SL 1.1515, TP 1.1700 | 16 June 2025
16 June 2025, EUR/USD
The price has confidently moved higher, defying expectations for a continued correction. As a result, the correction now appears less structured, but likely takes the form of a double zigzag. If this wave interpretation is correct, we can expect a prolonged impulsive rally, marking the beginning of wave three. In this scenario, it is reasonable to consider initiating long positions at current market levels, with a protective stop loss set below the recent local low. Investment idea: BUY 1.1535, SL 1.1515, TP 1.1700.
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.
