EUR/USD: BUY: 1.0450, SL: 1.0430, TP: 1.0550 | 19 February 2025
19 February 2025, EUR/USD
The decline, seen as a correction after a confident impulsive rise, is starting to drag on. The downward movement is proceeding at a well-defined angle, reaching the previously broken high of Wave 1. This extreme could serve as a support level, so in the next day we may see a resumption of impulsive growth.
Thus, a continuation of the development of Wave 3 is expected, which has the potential for further prolonged upward movement. In any case, the next few days may bring clarity to the current wave picture.
For now, it is worth considering the option of entering buy trades at current market values.
Investment idea: BUY: 1.0450, STOP LOSS: 1.0430, TAKE PROFIT: 1.0550.
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.
