EURUSD: BUY 1.1710, SL 1.1685, TP 1.1850. | 27 Agustus 2025
27 Agustus 2025, EUR/USD
After such sharp bursts of activity, continuation of the move is often delayed for a prolonged period, or the price even reverses direction. Currently, we observe how the euro, following a strong rally, has started to gradually drift lower.
At this stage, this movement is interpreted as a corrective wave. However, if buyers fail to regain control and allow the price to drop further, the situation could turn unfavorable for them — potentially invalidating the current wave structure we are considering.
On the other hand, if the price resumes its upward movement, a breakout above the local high at 1.1710 would provide a solid opportunity to enter long positions.
Investment idea: BUY 1.1710, SL 1.1685, TP 1.1850.
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.
