Euro / U.S. Dollar
Updated

EUR/USD Maintains Bullish Structure 5th Wave Extension Underway

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The overall trend of EUR/USD appears upward when observed from a higher time frame, indicating that the 4th wave has completed and the 5th wave is in formation. Within the main 5th wave, sub-waves are developing, and it seems we are currently in the sub-wave of the 5th sub-wave. Once this sub-wave completes, the main 5th wave is also expected to complete.

The invalidation level for this structure is at 1.10920. If the upward move continues as expected, potential targets could be seen around 1.14683 and 1.15894
Trade closed: target reached

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