EURUSD: SELL 1.1470, SL 1.1520, TP 1.1130 | 23 April 2025
23 April 2025, EUR/USD
As anticipated, the price managed to update this year’s high. This could have been a signal for buyers to step back, as the upward impulse structure has now been fully formed. However, as often happens, the price tends to make one last attempt to break higher, shaking out those who believed too early in a downward move. Therefore, caution is advised to avoid falling into such a trap. Overall, it is possible to start cautiously building short positions, as a solid corrective decline is expected, likely to begin with a downward impulse. Investment idea: SELL 1.1470, SL 1.1520, TP 1.1130
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.
