EURUSD: SELL 1.1315, SL 1.1345, TP 1.1050 | 29 April 2025

The situation for this currency pair continues to develop according to the anticipated scenario. Previously, the formation of an upward impulse likely concluded, with wave 5 taking the form of an ending diagonal triangle. The subsequent decline looks very impulsive, but this wave is just a part of a larger corrective structure on the higher time frame. This suggests a high probability of a continued decline ahead. There is also a very clear entry point: the breakout of the current local low could trigger another impulsive downward move. Therefore, it is recommended to be ready to open short positions. Investment idea: SELL 1.1315, SL 1.1345, TP 1.1050