EURUSD: BUY 1.1220, SL 1.1140, TP 1.1570 | 20 May 2025
20 May 2025, EUR/USD
It appears that the market has fully completed the corrective decline in the form of a double zigzag. Immediately afterward, an impulsive upward movement began, which likely marks wave 1 of a developing new impulse. There is also a strong likelihood that corrective wave 2 has already finished. Thus, we may soon see an impulsive rise driven by the development of wave 3. In this scenario, long positions are recommended on the breakout above the 1.1220 level. The minimum target for this bullish move lies at the previously established high near 1.1570. Investment idea: BUY 1.1220, SL 1.1140, TP 1.1570.
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.
