EURUSD: SELL 1.1290, SL 1.1320, TP 1.1000 | 02 May 2025

The situation continues to develop according to the previously outlined plan. After completing the upward impulsive growth, the price began to decline. A downward impulse formed, which smoothly transitioned into a horizontal correction. The market performed a deceptive move, showing an intention to rise, but as soon as the price slightly exceeded the range within which the correction was developing, it quickly reversed direction. The price has started to drift downward gradually, picking up speed. In the near future, an acceleration is expected, leading to a significant drop. This is likely driven by the development of an impulsive wave, which could either be the final wave of a zigzag pattern or the third wave of a downward impulse. Thus, opening and holding short positions remains a very promising trading decision. Investment idea: SELL 1.1290, SL 1.1320, TP 1.1000.