EURUSD: BUY 1.0830, SL 1.0800, TP 1.1050 | 25 Marzo 2025
25 Marzo 2025, EUR/USD
The euro has become entangled in a forming correction, and every attempt to rectify the situation in its favor ends with a stronger counter-reaction from the dollar, yielding the opposite result. The rate sinks, repeatedly updating local lows.
However, the overall situation still appears as a correction. Only its presumed structure has changed. Now, Wave 4 appears as a flat, which, as is typical, features an impulse as its concluding wave.
With the start of the new trading week, a new bullish phase may commence, driven by the development of Wave 5 in the presumed upward impulse.
For safer entry into buy trades in this situation, it is recommended to open positions when the level of 1.0830 is breached.
Investment idea: BUY 1.0830, SL 1.0800, TP 1.1050.
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.
