EURUSD: SELL 1.0820, SL 1.0840, TP 1.0770 | 07 March 2025
07 March 2025, EUR/USD
The euro continued its confident strengthening, barely noticing the resistance level from which it had rebounded several times before. Judging by appearances, an impulse is developing, assuming the role of Wave 3. In the future, the price may still grow slightly and once again update the maximum of the current year.
However, expecting strong movement in this direction is unlikely. Such energy-intensive movement requires at least a brief respite, so the onset of a corrective decline is expected, which may turn out to be shallow but drawn-out in time.
Nevertheless, it is possible to try to profit from this by entering sell trades.
Investment idea: SELL 1.0820, SL 1.0840, TP 1.0770.
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.
