EURUSD: BUY 1.1645, SL 1.1620, TP 1.1725 | 12 August 2025
12 August 2025, EUR/USD
The trading pair in question is performing quite well according to the proposed wave scenario. After forming a downward movement in the form of a simple zigzag, the price has shown a confident rise. It is likely that the observed upward movement is forming as an impulse, which lacks the final wave 5.
This is hinted at by the shape of wave 4, which closely resembles a converging horizontal triangle. If this is indeed the case, we may soon see another wave of euro strengthening against the dollar, during which another local high will be updated.
This will be followed by a corrective decline, which is considered by default as a simple zigzag.
Investment idea: BUY 1.1645, SL 1.1620, TP 1.1725
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.
