EURUSD: SELL 1.1260, SL 1.1295, TP 1.1000 | 05 May 2025

The price has declined as expected, updating the previously established low and breaking through the support level. However, this did not lead to the anticipated impulsive acceleration. The pace of movement remained the same. Moreover, buyers quickly became active, and we are now seeing the price gradually rising, reaching the broken level from the opposite side. This is likely a retest. If so, the price is expected to rebound from this level soon and resume its downward movement at a more impulsive pace. Thus, the situation remains bearish. It is recommended to keep open short positions and consider entering new ones upon a breakout below the current local minimum. Investment idea: SELL 1.1260, SL 1.1295, TP 1.1000.