EURUSD: BUY 1.1715, SL 1.1700, TP 1.1760 | 16 August 2025
16 August 2025, EUR/USD
The trading pair in question continues to adhere to some kind of plan, drawing a wave pattern that is not yet entirely clear. Earlier, the price misled traders twice: first indicating the possibility of growth in the fifth wave of the impulse, and then, having sharply declined, signaling the completion of the zigzag and the resumption of decline. However, instead, growth resumed, and now this entire wave structure closely resembles a diagonal triangle.
If this is indeed the case, we may soon see movement towards the upper boundary of the pattern, completing the formation of wave 5, followed by a corrective price decline.
In this situation, it is possible to consider the possibility of short-term purchases.
Investment idea: BUY 1.1715, SL 1.1700, TP 1.1760
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.
