EURUSD: BUY 1.1655, SL 1.1625, TP 1.1760 | 29 August 2025
29 August 2025, EUR/USD
The market once again executed a false breakout maneuver. After signaling an impending decline and barely updating the local low, the price reversed sharply and surged higher. Now, this corrective structure is becoming increasingly similar to a double zigzag pattern, followed by an upward breakout.
The initial impulse has formed, and the price is currently in a correction phase. After this correction completes, an opportunity to enter long positions may arise upon breaking the local high.
Until that point, it is recommended to remain on the sidelines and observe the situation’s development.
Investment idea: BUY 1.1655, SL 1.1625, 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.
