EURUSD: BUY 1.1695, SL 1.1675, TP 1.1750 | 03 September 2025
03 September 2025, EUR/USD
The recent trading day brought some clarity to the current picture. The observed euro rise is occurring within a channel, with the price currently at its lower boundary. There is a high probability of a rebound, leading to an update of the current local high.
This movement is becoming increasingly similar to an initial diagonal triangle. The anticipated near-term rise would represent the final fifth wave of this pattern.
This will be followed by a corrective decline and then a new prolonged impulsive rise.
Therefore, it is recommended to continue viewing the current situation as a good opportunity to enter long positions.
Investment idea: BUY 1.1695, SL 1.1675, TP 1.1750
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.
