EURUSD: SELL 1.0765, SL 1.0780, TP 1.0700 | 10 March 2025
10 March 2025, EUR/USD
The price predictably continued to rise and once again updated the maximum of the current year. However, it is becoming noticeable that the strength to continue at the same pace is running out. A break in the form of a corrective decline or sideways movement is clearly looming. The option with a decline seems more likely, so it is worth considering the possibility of entering sell trades.
Short positions should be opened on a break of the level of 1.0765, as before that, the price may spend some time inside the range of 1.0765-1.0850, which, in the case of immediate entry into positions, may cause some nervousness.
Investment idea: SELL 1.0765, SL 1.0780, TP 1.0700.
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.
