EURUSD: SELL 1.0900, SL 1.0935, TP 1.0770 | 11 March 2025
11 March 2025, EUR/USD
The euro is relentlessly advancing, akin to a tank, ever higher. Another trading day ended with an update of the annual maximum. It seems that this force and determination will not diminish anytime soon, but everything has its limits. The upward movement will cease shortly. This is attributed to the completion of the impulsive cycle.
In the near term, further growth and another update of the current maximum are still possible, after which sellers will again exert pressure on the price. This will lead to a retracement, which, based on the resultant impulsive upward movement, should be corresponding.
Trades should be opened after the update of the current local maximum.
Investment idea: SELL 1.0900, SL 1.0935, 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.
