EURUSD: BUY 1.1570, SL 1.1535, TP 1.1670 | 17 June 2025

The final trading day of the past week was not particularly favorable for the euro. Instead of the anticipated continuation of upward movement, the price experienced a brief dip. However, buyers quickly regained control, pushing the price back up to the level where the decline began. This rebound suggests strong underlying bullish sentiment, and with the new trading week approaching, the euro may attempt another leg higher. From a wave analysis perspective, this upward move is likely part of a developing third impulse wave in a new bullish cycle. Notably, the first wave appears to have taken the shape of a leading diagonal — a pattern that often precedes strong trend-following moves. Given these signals, long positions remain attractive, offering solid potential for profit as the upward trend resumes. Investment idea: BUY at 1.1570, Stop Loss at 1.1535, Take Profit at 1.1670