EURUSD: BUY 1.1320, SL 1.1290, TP 1.1390 | 07 May 2025
07 May 2025, EUR/USD
The euro still refuses to decline. From a wave analysis perspective, a correction is developing, which may take on a complex and erratic form as it progresses. This could result in various sharp and seemingly irrational price swings. Currently, there is a high probability that instead of falling, the price will make a sharp upward spike, which likely won’t have follow-through and will be followed by a reversal to the downside. You can try to capitalize on this by opening a buy trade at current market levels and closing the position quickly after a rapid upward move. Investment idea: BUY 1.1320, SL 1.1290, TP 1.1390.
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.
