EUR/USD Trading Analysis (04/06/2025)
The trend is ascending. The currency pair is trading in the range between 365 and 135 ЕМАs. The descending wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trade idea:
- Buy at the beginning of the ascending wave structure's formation when wave A breaks the sloping channel of the truncated descending structure.
- Stop-loss at 1.1356 under the local minimum of the descending structure.
- Price targets are 1.1420 and 1.1450.
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