EURUSD: SELL 1.1325, SL 1.1430, TP 1.0900 | 30 April 2025

30 April 2025, EUR/USD

EURUSD: SELL 1.1325, SL 1.1430, TP 1.0900

The market doesn't like things to be too simple, so it often creates extra moves to delay any important developments. This time is no exception: despite trading horizontally with an intention to break downward and approaching the local low, the price did not accelerate sharply downwards. Instead, it started rising. However, the euro’s stubbornness should soon come to an end, and the price is expected to move in the anticipated direction. The situation suggests that the previously completed upward impulse, ending with a diagonal triangle in wave 5, is ready for a solid correction. The key signal to open short positions remains the breakout of the local minimum marked on the chart. Investment idea: SELL 1.1325, SL 1.1430, TP 1.0900


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.
Bob Stan
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